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The local improvement store has a washing machine on sale for $1,499,

The local improvement store has a washing machine on sale for $1,499,
with the payment due in 2 year(s) from today. The store is willing to discount the price at an annual rate of 8 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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