You have just received an endowment and placed this money, Financial Management

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You have just received an endowment and placed this money

You have just received an endowment and placed this money in a savings account at an annual rate of 19.01 percent. You are going to withdraw the following cash flows for the next five years. End of year 1. $1406 2. $9693 3. $2460 4. $2265 5. $846 How much is the endowment that you received.

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Financial Management: You have just received an endowment and placed this money

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