Question: I need help answering the below question. It does not make sense to me. The local home improvement store has a washing machine on sale

I need help answering the below question. It does not make sense to me.

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?

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