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GMG Studios plans to invest $55,000 at the end of each year for the next five years. There are three investment options available. Option
GMG Studios plans to invest $55,000 at the end of each year for the next five years. There are three investment options available. Option 1 Option 2 Option 3 Required: Annual Ratel Period Invested Interest Compounded 5% Annually 5 years 7% Annually 5 years 10% Annually 5 years Determine the accumulated investment amount by the end of the fifth year for each of the options. (EV 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.) Option 1 Option 2 Option 3 $ Accumulated Investment Amount 320,484.80 333,540.60 354,095.80
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