Question: 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. The net present value of the remaining 9 payments is $4,500

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