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How much is the endowment that client received

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Reference no: EM132956560

Your client just received an endowment and placed this money in a savings account at an annual rate of 7.57 percent. He is going to withdraw the following cash flows for the next five years.

End of year
1. $8,439
2. $9,313
3. $8,229
4. $2,293
5. $4,850

How much is the endowment that your client received?

Reference no: EM132956560

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