Benjamin Breeg believes he will live forever, so he wants to purchase a financial security...
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Finance
Benjamin Breeg believes he will live forever, so he wants to purchase a financial security that pays $304 per year forever. The payments begin in exactly one year. If the relevant interest rate is 6 percent, how much should Benjamin be willing to pay for the security? (Do not round intermediate calculations and round your final answer to the nearest $.)
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