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1 . Your coin collection contains 4 4 1 9 4 8 silver dollars. If your grandparents purchased them for their face value when they

1. Your coin collection contains 441948 silver dollars. If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2032, assuming they appreciate at an annual rate of 9 percent?
A. $62,499.81
B. $61,274.32
C. $10,636.85
D. $59,436.09
E. $58,210.60
____________________________________________________________________________________
2. In 1904, the first Putting Green Championship was held. The winner's prize money was $180. In 2016, the winner's check was 51,178,000.(Do not round Intermediate calculations.)
a. What was the percentage increase per year in the winner's check over this period?
Interest Rate =_____%
b. If the winner's prize increases at the same rate, what will it be in 2049?
Future Rate =_____-

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