Question
In 1895, the first Putting GreenChampionship was held. The winner's prize money was $310. In 2010, the winner's check was $1,290,000. Interest rate 7.49 %
In 1895, the first Putting GreenChampionship was held. The winner's prize money was $310. In 2010, the winner's check was $1,290,000.
Interest rate 7.49%
If the winner's prize increases at the same rate, what will it be in 2046?(Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
11th edition
324422870, 324422873, 978-0324302691
