2 years ago, Ronaldo had $140,000.00 in his account. In 4 years, he expects to have $395,000.00. If he has earned and expects to earn the same return each year from 2 years ago to 4 years from today, then how much does he expect to have in 1 year? O $320,908.71 (plus or minus 10 dollare) O $197,826,40 (plus or minus 10 doliare) O $235,159.52 (plus or minus 10 dollars) $188 292.70 (plus or minus 10 dollars) O none of the answere are within 10 dollars of the correct answer

2 years ago, Ronaldo had $140,000.00 in his account. In 4 years, he expects to have $395,000.00. If he has earned and expects to earn the same return each year from 2 years ago to 4 years from today, then how much does he expect to have in 1 year? O $320,908.71 (plus or minus 10 dollare) O $197,826,40 (plus or minus 10 doliare) O $235,159.52 (plus or minus 10 dollars) $188 292.70 (plus or minus 10 dollars) O none of the answere are within 10 dollars of the correct answer

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

ChapterM: Time Value Of Money Module

Section: Chapter Questions

Problem 4MC: Refer to the present value table information on the previous page. What amount should Brett have in...

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