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Exercise C-6 Calculate the future value of an annuity (LOC-3) GMG Studios plans to invest...

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Exercise C-6 Calculate the future value of an annuity (LOC-3) GMG Studios plans to invest $44,000 at the end of each year for the next three years. There are three investment options available. Option 1 Option 2 Option 3 Annual Rate 78 9 11 Interest Compounded Annually Annually Annually Period Invested 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. Round your answers to 2 decimal places.) Accumulated investment amount Option 1 Option 2 Option 3

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