The local home improvement store has a washing machine on sale for $1,243, with the payment due in 3 year(s) from today.

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answerhappygod
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The local home improvement store has a washing machine on sale for $1,243, with the payment due in 3 year(s) from today.

Post by answerhappygod »

The local home improvement store has a washing machine on sale
for $1,243, with the payment due in 3 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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