If the rate of inflation is 3.4% per year, the future price p () (in dollars) of a certain item can be modeled by the following exponential function, where t is the number of years from today. p(1) = 400(1.034)' 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: S

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