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You have just received an endowment and placed this money in a savings account at an annual rate of 8.56%. You are going to withdrawal
You have just received an endowment and placed this money in a savings account at an annual rate of 8.56%. You are going to withdrawal the following cash flows for the next five years
- 8,037
- 8,799
- 8,480
- 3,819
- 719
How much is the endowment that you received?
Round to two decimal places
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