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In 1895, the first U.S. Open Golf Championship was held. The winner's prize money was $150. In 2019, the winner's check was $2.25 million. What
In 1895, the first U.S. Open Golf Championship was held. The winner's prize money was $150. In 2019, the winner's check was $2.25 million. What was the percentage increase per year in the winner's check over this period? If the winner's prize increases at the same rate, what will it be in 2044? Input area: First year Present value Second year Future value Final year Output area: 1895 $150 2019 Interest rate Future value $2,250,000 (Use cells A6 to B10 from the given information to complete this question. Your future value answer should be a positive value.) 2044
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