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A furniture store has a sofa on sale for $800 with the payment due one year from today. The store is willing to discount the

A furniture store has a sofa on sale for $800 with the payment due one year from today. The store is willing to discount the price at an annual rate of 2.8% if you pay today. What is the amount if you pay today? $584 $707 $531 $778 5643

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