Question
-In 1895, the first U.S. Open Golf Championship was held. The winners prize money was $150. In 2016, the winners check was $1.2 million. What
-In 1895, the first U.S. Open Golf Championship was held. The winners prize money was $150. In 2016, the winners check was $1.2 million. What was the percentage increase per year in the winners check over this period? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
-At 5.4 percent interest, how long does it take to double your money?
-Compute the interest rate if future value (FV) = $6439, present value (FV) = $2358, and number of years (t) = 10. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.):
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