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Exercise C-6 Calculate the future value of an annuity (LOC-3) GMG Studios plans to invest $46,000 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 $46,000 at the end of each year for the next five years. There are three investment options available. Annual Interest Period Rate Compounded Invested Option 1 55 Annually 5 years Option 2 7 Annually 5 years Option 3 10 Annually 5 years Required: Determine the accumulated investment amount by the end of the fifth year for each of the options. (FV or $1. PV of $1. EVA of S1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) Accumulated Investment amount Option 1 Option 2 Option 3
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