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Calculate and show your working. You are an art investor. You just purchased a painting from a famous artist. You paid $3,620,945 for that painting.

You are an art investor. You just purchased a painting from a famous artist. You paid $3,620,945 for that

Calculate and show your working.

You are an art investor. You just purchased a painting from a famous artist. You paid $3,620,945 for that painting. The collector from which you bought the painting claims to have held the painting for 14 years. She claims she earned a return of 12.41% per year. What did she pay for the painting 14 years ago? Please enter your response to the nearest penny.

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