You have just received an endowment and placed this money in a savings account at an annual rate of 10.42 percent.
You are going to withdraw the following cash flows for the next five years. End of year $4, 826 2. $6, 365 $4, 740 $2, 686 5. $922
How much is the endowment that you received? Round the answer to two decimal places.
The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.