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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

  1. 8,037
  2. 8,799
  3. 8,480
  4. 3,819
  5. 719

How much is the endowment that you received?

Round to two decimal places

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