1895, the first U.S. Open Golf Championship was held. The winners prize money was $150. In 2020, the winners check was $2.2 million.

1. What was the annual percentage increase in the winners check over this period?

   Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.

2. If the winners prize increases at the same rate, what will it be in 2050?

   Note: Do not round intermediate calculations and and enter your answer in dollars, not millons of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.