The local home improvement store has a washing machine on sale for $747, 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...

The local home improvement store has a washing machine on sale for $747, 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

Feb 27, 2023

SOLUTION.PDF

Sun	Mon	Tue	Wed	Thu	Fri	Sat
30	31	1	2	3	4	5
6	7	8	9	10	11	12
13	14	15	16	17	18	19
20	21	22	23	24	25	26
27	28	29	30	1	2	3

The local home improvement store has a washing machine on sale for $747, 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...

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