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GMG Studios plans to invest $48,000 at the end of each year for the next four years. There are three investment options available. Annual Rate

GMG Studios plans to invest $48,000 at the end of each year for the next four years. There are three investment options available.

Annual Rate Interest Compounded Period Invested
Option 1 6 % Annually 4 years
Option 2 8 Annually 4 years
Option 3 12 Annually 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 factor(s) from the tables provided. Round your answers to 2 decimal places.)

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