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A career office at a university carefully tracks the average starting salary of its graduates each year. This year, the average starting salary of its

A career office at a university carefully tracks the average starting salary of its graduates each year. This year, the average starting salary of its graduating industrial engineers (IEs) was $60,000. Assuming that IE salaries rise by an average of 3.3% year, what would have been the average starting salary of IEs 13 years ago?

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