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You have just received an endowment and placed this money in a savings account at an annual rate of 7.42 percent. You are going to
You have just received an endowment and placed this money in a savings account at an annual rate of 7.42 percent. | |||||||
You are going to withdraw the following cash flows for the next five years. | |||||||
1. 3,448 2. 8,652 3. 7,599 4. 3,952 5. 5,729 | |||||||
How much is the endowment that you received? |
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