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What is the amount if you pay for the washing

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Reference no: EM132286048

The local home improvement store has a washing machine on sale for $1653, with the payment due in 2 year(s) from today. The store is willing to discount the price at an annual rate of 5 percent (compounded annually) if you pay today. What is the amount if you pay for the washing machine today?

Reference no: EM132286048

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