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

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The local home improvement store has a washing machine

The local home improvement store has a washing machine selling for $2231, with payment due in 9 years from today. The store is willing to discount the price at an annual rate of 10 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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Financial Management: The local home improvement store has a washing machine

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

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