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A donor makes a multi-year pledge to provide $1,000 a year for the next 10 years for the organization's unrestricted use. The net present value
A donor makes a multi-year pledge to provide $1,000 a year for the next 10 years for the organization's unrestricted use. The net present value of the annuity as of the date of the gift is $5,378. In the next year, $1,000 is collected.
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To calculate the net present value NPV of the remaining 9 payments we need to use the formula for th...
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Essentials of Accounting for Governmental and Not-for-Profit Organizations
Authors: Paul A. Copley
10th Edition
007352705X, 978-0073527055
