In 1895, the first U.S. Open Golf Championship was held. The winners prize money was $150. In
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In 1895, the first U.S. Open Golf Championship was held. The winner’s prize money was $150. In 2009, the winner’s check was $1,350,000. What was the annual percentage increase in the winner’s check over this period? If the winner’s prize increases at the same rate, what will it be in 2045?
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We can use either the FV or the PV formula Both will ...View the full answer
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Related Book For 
Essentials Of Corporate Finance
ISBN: 9780073382463
7th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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