Solved: You have just received an endowment and placed this money, Finance Basics

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You have just received an endowment and placed this money

How do you solve this? Can you write the formula for excel also please:

You have just received an endowment and placed this money in a savings account at an annual rate of 10.58 percent. You are going to withdraw the following cash flows for the next five years.

End of year

1. $7,556

2. $5,252

3. $7,243

4. $2,306

5. $2,959

How much is the endowment that you received?

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Finance Basics: You have just received an endowment and placed this money

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Finance Basics: You have just received an endowment and placed this money

Reference No:- TGS02641921

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