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Find what is the amount if pay for the washing machine

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Question 1 : The local improvement store has a washing machine on sale for $1,499, with the payment due in 2 year(s) from today. The store is willing to discount the price at an annual rate of 8 percent (compounded annually) if you pay today. What is the amount if you pay for the washing machine today? Round the answer to two decimal places.

Reference no: EM132532572

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