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The local home improvement store has a washing machine on sale for 1,664; with payment due in 2 year(s) from today.The store is willing to

The local home improvement store has a washing machine on sale for 1,664; with payment due in 2 year(s) from today.The store is willing to discount the price at annual rate of 6 percent (compounded annually) if you pay for the washing machine today

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