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Bob's Lottery Inc. has decided to offer winners a choice of $ 2 1 0 , 0 0 0 in 1 0 years or some

Bob's Lottery Inc. has decided to offer winners a choice of $

210, 000

10

years or some amount currently. Assume that Bob's Lottery Inc. earns a

10

percent after

-

tax rate of return. What amount should Bob's offer lottery winners currently, in order to be indifferent between the two choices?

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