The local home improvement store has a washing machine on sale for $702, with the payment due in 2 year(s) from today. The store is willing to discount the price at an annual rate of 5 percent (compounded annually) if you pay today.
The local home improvement store has a washing machine on sale for
$702, with the payment due in 2 year(s) from today. The store is willing to discount the price at an annual rate of 5 percent (compounded annually) if you pay today. What is the amount if you pay for the washing machine today? Round the answer to two decimal places
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