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You have just received an endowment and placed this money in a savings account at an annual rate of 9.56 percent. You are going to

You have just received an endowment and placed this money in a savings account at an annual rate of 9.56 percent. You are going to withdraw the following cash flows for the next five years.

End of year

1.$3,494

2.$5,862

3.$5,865

4.$1,039

5.$11,977

How much is the endowment that you received?

Round answer to two decimal points

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