A donor makes a multi-year pledge to provide $1,000 a year for the next 10 years for

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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 of the annuity as of the date of the gift is $5,378. In the next year, $1,000 is collected.

What is the net present value of the remaining 9 payments?

Related Book For answer-question

Essentials of Accounting for Governmental and Not-for-Profit Organizations

ISBN: 978-0073527055

10th Edition

Authors: Paul A. Copley

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Posted Date: Apr 18, 2024 01:27 AM

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A donor makes a multi-year pledge to provide $1,000 a year for the next 10 years for

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To calculate the net present value NPV of the remaining 9 payments we need to use the formula for th... View the full answer

Essentials of Accounting for Governmental and Not-for-Profit Organizations

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