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In 1900, the first Green Jacket Golf Championship was held. The winner’s prize money was $200. In 2015, the winner’s check was $1,540,000. What was the annual percentage increase in the winner’s check over this period?

Annual percentage ___%

If the winner’s prize increases at the same rate, what will it be in 2040?

Prize money $____

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92745993

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