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The local home improvement store has a washing machine selling for $1205,with payment due 9 years from today. The store is willing to discount the
The local home improvement store has a washing machine selling for $1205,with payment due 9 years from today. The store is willing to discount the price at an annual rate of 3 percent (compounded annually ) if you pay today. What is the amount if you pay for the washing machine today?
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