Question: Using Excel, Show formula and work You have just received an endowment and placed this money in a savings account at an annual rate of

Using Excel, Show formula and work

You have just received an endowment and placed this money in a savings account at an annual rate of 9.56 percent. You are going to withdraw the following cash flows for the next five years.

End of year 1. $3,494 2. $5,862 3. $5,865 4. $1,039 5. $11,977

How much is the endowment that you received?

Round the answer to two decimal places.

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