A partnership in a public accounting practice has seven partners and 12 accounting technicians. Each partner draws

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A partnership in a public accounting practice has seven partners and 12 accounting technicians. Each partner draws the same salary, and each technician is paid the same salary. The partners calculate that if they give the technicians a raise of 8% and if they increase their own salaries by 5%, the gross annual salaries for all accounting personnel will rise from the current $1,629,000 to $1,734,750. What are the current annual salaries of a partner and an accounting technician?
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