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Wimbledon paid 2,081,000 pounds in 2020 to both the Ladies' and Gentlemen's Singles champions. If the champion's prize for the Gentlemen's Singles increased at

Wimbledon paid 2,081,000 pounds in 2020 to both the Ladies' and Gentlemen's Singles champions. If the champion's prize for the Gentlemen's Singles increased at a rate of 8.89% per year since 1968, what was the value of the 1968 prize? (Round to the nearest dollar)

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