In 1895, the first U.S. Open golf championship was held. The winners prize money was $ 151.00.
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Question:
- In 1895, the first U.S. Open golf championship was held. The winners prize money was $ 151.00. In 2012, the winners check was $1,500,800. What was the annual percentage increase in the winners check over the period ? If the winners prize increases at the same rate, what will it be in 2045 ?
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