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Your client just received an endowment and placed this money in a savings account at an annual rate of 15.80 percent. He is going to

Your client just received an endowment and placed this money in a savings account at an annual rate of 15.80 percent. He is going to withdraw the following cash flows for the next five years.

End of year 1. $5,901 2. $8,098 3. $6,567 4. $3,217 5. $5,724

How much is the endowment that your client received?

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