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

The local home improvement store has a washing machine on sale for $601, with the payment due in 2 year(s) 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 amount If you pay for the washing machine?

Round the answer to two decimal places.

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