The local home improvements store has a washing machine on sale for $744, with the...
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Accounting
The local home improvements store has a washing machine on sale for $744, with the payment due in 3 year(s) from today. The store is willing to discount the price at an annual rate of 9 percent (compound annually) if you pay today,]. What is the amount if you pay for the washing machine today? Round the answer to two decimal places. Please show formula and calculations.
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