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.
C
Business
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