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You have just received an endowment and placed this money in a savings account at an annual rate of 9.45 percent. You are going to

You have just received an endowment and placed this money in a savings account at an annual rate of 9.45 percent. You are going to withdraw the following cash flows for the next five years.

End of year

1. $3931

2. $6345

3. $5066

4. $3095

5. $2446

How much is the endowment that you received?

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