13 In 1895, the first Putting Green Championship was held. The winner's prize money was $160. In 2016, the winner's check was $1,460,000. points a. What was the percentage increase per year in the winner's check over this period? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. If the winner's prize increases at the same rate, what will it be in 2050? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) X 01:39:33 Skipped / eBook / / v a. Increase per year b. Winners prize in 2050 Print / 7 References 14 Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2003, an auction house sold a sculpture at auction for a price of $10,361,500. Unfortunately for the previous owner, he had purchased it in 2000 at a price of $12,477,500. points X 4 What was his annual rate of return on this sculpture? (A negative answer should be Indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Skipped Annual rate of return eBook