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In 1 9 3 4 , the first Masters golf tournament was held. The winner's prize money was $ 1 , 5 0 0 .

In 1934, the first Masters golf tournament was held. The winner's prize money was $1,500. In 2019, the winner's check was $2,070,000. If the winner's prize increases at the same rate as you calculated in the previous problem, what will the prize money equal in 2040?
Select one:
A. $12,356,080
B. $10,186,027
C. $9,791,505
D. $8,699,375
E. $13,003,541
******* RATE WAS 9.14 IN PREVIOUS PROBLEM
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