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In 1897, the first Green Jacket Golf Championship was held. The winner’s prize money was $170. In 2015, the winner’s check was $1,510,000.

(1) What was the annual percentage increase in the winner’s check over this period?

(2) If the winner’s prize increases at the same rate, what will it be in 2043?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92408369

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