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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. Interest Period
GMG Studios plans to invest $55,000 at the end of each year for the next five years. There are three investment options available. Interest Period Annual Rate Compounded Invested Option 1 Option 2 Option 3 Annually Annually Annually 5 years 5 years 5 years 5% 10 Required: Determine the accumulated investment amount by the end of the fifth year for each of the options. (FV of S1, 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.) Accumulated investment amount Option 1 Option 2 Option 3
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