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GMG Studios plans to invest $47,000 at the end of each year for the next three years. There are three investment options available. Annual Rate

GMG Studios plans to invest $47,000 at the end of each year for the next three years. There are three investment options available. Annual Rate Interest Compounded Period Invested Option 1 7% Annually 3 years Option 2 9% Annually 3 years Option 3 11% Annually 3 years Required: 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

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