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In 1901, the first U.S. Open Golf Championship was held. The winner’s prize money was $210. In 2012, the winner’s check was $1,410,000. Requirement 1: What was the annual percentage increase in the winner’s check over this period? ** I've answered Requirement 1 correctly with 8.23%, but all my calculations for Requirement 2 are incorrect. Requirement 2: If the winner’s prize increases at the same rate, what will it be in 2039?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91590210

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