Bob's lottery inc. Has decided to offer winners a choice of $225,000 in 10 years or some amount currently. Assume that bob's lottery inc. Earns a 12 percent after-tax rate of return. What amount should bob offer lottery winners currently, in order for him to be indifferent between the two choices
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Home » Business » Bob's lottery inc. Has decided to offer winners a choice of $225,000 in 10 years or some amount currently. Assume that bob's lottery inc. Earns a 12 percent after-tax rate of return.