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You decide to purchase a financial asset that will pay you $100 per year forever, starting 4 years after the purchase is made. What is

You decide to purchase a financial asset that will pay you $100 per year forever, starting 4 years after the purchase is made. What is the value (PV) of this financial asset on the date that you bought it (year 0), given that the interest rate is 6% APR?

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