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You bought an artwork 2 8 years ago, the current estimated price is $ 1 7 , 6 0 1 , which reflects an annual

You bought an artwork 28 years ago, the current estimated price is $17,601, which reflects an annual return of 8 percent. For this to be true, what was the original price of the artwork? Answer: $______(Do not round intermediate calculations and round your answer to 2 decimal places)

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