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In 1895, the first U S Open Golf Championship was held The winner's prize money was $150. In 2010. the winner's check was $1, 350,000.

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In 1895, the first U S Open Golf Championship was held The winner's prize money was $150. In 2010. the winner's check was $1, 350,000. What was the percentage increase per year in the winner s 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 winner's prize increases at the same rate, what will it be in 2040? (Do not round intermediate calculations and round your final answer to 2 decimal Places, (e.g.. 32.16)) Future value S \~

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