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How do you solve this? Can you write the formula for excel also please: You have just received an endowment and placed this money in
How do you solve this? Can you write the formula for excel also please:
You have just received an endowment and placed this money in a savings account at an annual rate of 10.58 percent. You are going to withdraw the following cash flows for the next five years.
End of year
1.$7,556
2.$5,252
3.$7,243
4.$2,306
5.$2,959
How much is the endowment that you received?
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