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How much is the endowment that you received

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Reference no: EM132666246

You have just received an endowment and placed this money in a savings account at an annual rate of 9.56 percent. You are going to withdraw the following cash flows for the next five years.

End of year

1. $3,494

2. $5,862

3. $5,865

4. $1,039

5. $11,977

How much is the endowment that you received? Round answer to two decimal points

Reference no: EM132666246

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