The local home-improvement store has a washing machine sale, Financial Management

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The local home-improvement store has a washing machine sale

The local home-improvement store has a washing machine sale for $1401 with the payment due in three years from today the store is willing to discount the price at an annual rate of 7% compounded annually if you pay today, what is the amount if you pay for the washing machine today?

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Financial Management: The local home-improvement store has a washing machine sale

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Financial Management: The local home-improvement store has a washing machine sale

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