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
+3
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
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.