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goji.go goji.go
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9 years ago
A state college receives an annuity gift of $200,000 from an individual. The individual is to receive $18,000 a year for 10 years. The present value of the payments to the individual is $150,000. How much revenues should the college report from this transaction?
A.   $0.
B.   $20,000.
C.   $50,000.
D.   $200,000.
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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9 years ago
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