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GMG Studios plans to invest $53,000 at the end of each year for the next...

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Accounting

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GMG Studios plans to invest $53,000 at the end of each year for the next four years. There are three investment options available. Annual Rate 6% Option 1 Option 2 Option 3 Interest Compounded Annually Annually Annually Period Invested 4 years 4 years 4 years 8 12 Required: Determine the accumulated investment amount by the end of the fourth 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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