If the rate of inflation is 2.5% per year, the future price p (1) (in dolkars) of a certain item can be modeled by the following exponential function, where f is the number of years from today. p(1)= 1200(1.025)' Find the current price of the item and the price 9 years from today. Round your answers to the nearest dollar as necessary. Current price: Price 9 years from today: $

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