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

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The home improvement store has a washing machine on sale

The home improvement store has a washing machine on sale for $601. With the period due in two years from today. The store is willing to discount the price at an annual rate of 9% ( 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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Financial Management: The home improvement store has a washing machine on sale

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