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GMG Studios plans to invest $60,000 at the end of each year for the next three years. There are three investment options available Interest Period

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GMG Studios plans to invest $60,000 at the end of each year for the next three years. There are three investment options available Interest Period Annual Rate Compounded Invested Option 1 Option 2 Option 3 Annually Annually Annually 7% 3 years 3 years 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 appropriate factor(s) from the tables provided.) Accumulated investment amount Option 1 Option 2 Option 3

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