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The local home improvement store has a washing machine on sale for $1,577, 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 $1,577, with the payment due in 2 year(s) 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 you pay for the washing machine today? Round the answer to two decimal places..

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