What is the amount if the washing machine is paid for


The local home improvement store has a washing machine on sale for $1,805, with the payment due in 3 year(S) from today. The store is willing to discount the price at an annual rate of 1 percent (compounded annually) if paid today. What is the amount if the washing machine is paid for today?

Solution Preview :

Prepared by a verified Expert
Finance Basics: What is the amount if the washing machine is paid for
Reference No:- TGS02801699

Now Priced at $10 (50% Discount)

Recommended (97%)

Rated (4.9/5)