Question
In 1895, the first U.S. Open Golf Championship was held. The winners prize money was $150. In 2007, the winners check was $1,260,000. What was
In 1895, the first U.S. Open Golf Championship was held. The winners prize money was $150. In 2007, the winners check was $1,260,000. 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 2040?
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
7th Edition
0030333288, 9780030333286
