GMG Studios plans to invest $41,000 at the end of each year for the next three...
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GMG Studios plans to invest $41,000 at the end of each year for the next three years. There are three investment options available. Option 1 Option 2 Option 3 Required: Annual Rate Period Invested Interest Compounded 78 Annually 3 years 98 118 Annually Annually 3 years 3 years. Determine the accumulated investment amount by the end of the third year for each of the options. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places.) Accumulated Investment Amount Option 11 Option 21 Option 3 GMG Studios plans to invest $41,000 at the end of each year for the next three years. There are three investment options available. Option 1 Option 2 Option 3 Required: Annual Rate Period Invested Interest Compounded 78 Annually 3 years 98 118 Annually Annually 3 years 3 years. Determine the accumulated investment amount by the end of the third year for each of the options. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places.) Accumulated Investment Amount Option 11 Option 21 Option 3
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