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The local home improvement store has a washing machine on sale for $601. with the payment, due in 2 year from today. The store is

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The local home improvement store has a washing machine on sale for $601. with the payment, due in 2 year from today. The store is willing to discount the price at an annual rate of 9 percent (compounded annually) if you pay today. What is the amount it' you pay tor the washing machine today

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