Exercise C-6 Calculate the future value of an annuity (LOC-3) GMG Studios plans to invest $53,000 at the end of each year for the next four years. There are three investment options available.

Please explain, how do we get the percentages we do when we multiply by $53,000?

Exercise C-6 Calculate the future value of an annuity (LOC-3) GMG Studios plans to invest $53,000 at the end of each year for the next four years. There are three investment options available. Option 1 Option 2 Option 3 Annual Rate 6% 8 12 Interest Compounded Annually Annually Annually Period Invested 4 years 4 years 4 years Required: Determine the accumulated investment amount by the end of the fourth year for each of the options. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate fact from the tables provided. Round your answers to 2 decimal places.) Accumulated investment amount Option 1 Option 2 Option 3