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Question: you have just received an endowment and placed this money...

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You have just received an endowment and placed this money in a savings account at an annual rate of 10.26 percent. You are going to withdraw the following cash flows for the next five years.

End of year
1. $9,626
2. $9,328
3. $2,282
4. $4,421
5. $11,907

How much is in the endowment that you received? Round your answer to two decimal places

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