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Exercise C-6 Calculate the future value of an annuity (LOC-3) GMG Studios plans to invest $60,000 at the end of each year for the next
Exercise C-6 Calculate the future value of an annuity (LOC-3) GMG Studios plans to invest $60,000 at the end of each year for the next three years. There are three investment options available Interest Period nual Rate Compounded Invested Option 1 Option 2 Option 3 Annually Ann 8 3 years 3 years 3 years lly Required Determine the accumulated investment amount by the end of the third year for each of the options. (FV of $1, PV of S1. FVA of S1. and PVA of S1) (u provided.) Accumulate investment amount Option 2 Option 3 References eBook & Resources
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