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The value of a painting increased by 5% in 2012. In the first half of 2013, its value decreased by 2% of its value

 

The value of a painting increased by 5% in 2012. In the first half of 2013, its value decreased by 2% of its value and increased by 40% at the end of 2013. Given that the value of the painting at the end of 2013 is $52 640, find the original value of the painting.

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