In 1895, the first Putting Green Championship was held. The winners prize money was $340. In 2010, the winners check was $1,260,000.

What was the percentage increase per year in the winners check over this period? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Interest rate

%

If the winners prize increases at the same rate, what will it be in 2049? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Future value

$