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GMG Studios plans to invest $54,000 at the end of each year for the next three years. There are three investment options available. Annual Rate

GMG Studios plans to invest $54,000 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

1. 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)

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