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You have just received an endowment and placed this money in a savings account at an annual rate of 12.16 percent. You are going to withdraw the following cash flows for the next five years. 

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You have just received an endowment and placed this money in a savings account at an annual rate of 12.16 percent. You are going to withdraw the following cash flows for the next five years.
End of year
1.  $3,234
2.  $9,845
3.  $6,764
4.  $3,502
5.  $1,098
How much is the endowment that you received?
Round the answer to two decimal places.

 
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