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In 1899, the first Green Jacket Golf Championship was held. The winner's prize money was $250. In 2018, the winner's check was $2,760,000. a. What
In 1899, the first Green Jacket Golf Championship was held. The winner's prize money was $250. In 2018, the winner's check was $2,760,000. a. What was the annual percentage increase in the winner's 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.) b. If the winner's prize increases at the same rate, what will it be in 2052? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 1,234,567.89.) X Answer is complete but not entirely correct. a. 8.14 % Annual percentage increase 2052 prize money b. $ 39,486,214.48 X
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