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A B C D E F G 1 2 3 In 1895, the first U.S. Open Golf Championship was held. The winner's prize money
A B C D E F G 1 2 3 In 1895, the first U.S. Open Golf Championship was held. The winner's prize money was $150. In 2019, the winner's check was $2.25 million. What was the percentage increase per year in the winner's check over this period? If the winner's prize increases at the same rate, what will it be in 2044? 4 Input area: 5 6 First year 1895 7 Present value $150 8 Second year 2019 9 Future value $2,250,000 10 Final year 2044 11 (Use cells A6 to B10 from the given information to complete this question. Your future 12 value answer should be a positive value.) 13 14 Output area: 15 16 Interest rate 17 Future value 18
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