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confused on how I got this wrong GMG Studios plans to invest $49,000 at the end of each year for the next five years. There
confused on how I got this wrong
GMG Studios plans to invest $49,000 at the end of each year for the next five years. There are three investment options available. Option 1 Option 2 Option 3 Annual Rate 50 7 10 Interest Compounded Annually Annually Annually Period Invested 5 years 5 years 5 years Required: Determine the accumulated investment amount by the end of the fifth year for each of the options. (FV of $1. PV of $1. FVA of S1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Accumulated Investment amount Option 1 $ 274,071.31 Option 2 285.236.65 Option 3 302,812.96 Step by Step Solution
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