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The local home improvement store has a washing machine on sale for 1526, with the payment due in 2 years from today. The store is

The local home improvement store has a washing machine on sale for 1526, with the payment due in 2 years from today. The store is willing to discount the price at an annual rate of 2 percent compounded annually if you pay today. What is the amount if you pay for the washing machine today?

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