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In 1895, the first U.S. Open Golf Championship was held. The winners prize money was $150. In 2019, the winners check was $2.25 million. What

In 1895, the first U.S. Open Golf Championship was held. The winners prize money was $150. In 2019, the winners check was $2.25 million. What was the percentage increase per year in the winners check over this period? If the winners prize increases at the same rate, what will it be in 2044?

First year 1895
Present value $150
Second year 2019
Future value $2,250,000
Final year 2044

Interest rate
Future value

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