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What is the amount if pay for the washing machine today

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Reference no: EM132532303

The local home improvement store has a washing machine on sale for $630, with the payment due in 3 year(s) from today. The store is willing to discount the price at an annual rate of 6 percent (compounded annually) if you pay today.

Question 1: What is the amount if you pay for the washing machine today? Round the answer to two decimal places.

Reference no: EM132532303

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