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A fumiture store has a sofa on sale for $1,300 with the payment due one year from today. The store is willing to discount the

A fumiture store has a sofa on sale for $1,300 with the payment due one year from today. The store is willing to discount the price at an annual rate of 5.8% if you pay today What is the amount if you pay today? $1,012 $1,225 $1,482 51,347 $1,113

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