If the rate of inflation is 3.4% per year, the future price p (t) (in dollars) of a certain item can be modeled by the following exponential function, where t is the number of years from today. p(t)=1200 (1.034) Find the current price of the item and the price 10 years from today. Round your answers to the nearest dollar as necessary. Current price: Price 10 years from today: X

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