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Calculating Interest Rates and Future Values [LO1, LO3]In 1968 prize money for the Wimbledon Tennis Championships was first awarded. The winner of the mens singles
Calculating Interest Rates and Future Values [LO1, LO3]In 1968 prize money for the Wimbledon Tennis Championships was first awarded. The winner of the mens singles was 2,000 and for the ladies singles it was 750. In 2009 both winners received 850,000. What was the percentage increase per year in the winners cheque for men and women over this period? If the winners prize increases at the same rate, what will the mens and ladies singles tournament winners receive in 2040?
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