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You just inherited a trust that will pay you $100,000 per year in perpetuity. However, the first payment will not occur for exactly four more

You just inherited a trust that will pay you $100,000 per year in perpetuity. However, the first payment will not occur for exactly four more years. Assuming an 8% annual interest rate, what is the value of this trust?

	$918,787
	$992,290
	$1,000,000
	$1,250,000

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