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Exercise C-10 (Algo) Calculate the future value of on annuity (LO C-4) GMG Studios plans to invest $55,000 at the end of each year for
Exercise C-10 (Algo) Calculate the future value of on annuity (LO C-4) GMG Studios plans to invest $55,000 at the end of each year for the next five years. There are three investment options available. Required: Determine the accumulated investment amount by the end of the fifth year for each of the options. (EV ofS1, PV of S1. FVA of S1, and PVA of \$5) (Use tables, Excel, or a financial calculator. Round your answers to 2 decimal ploces.)
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