Question
In 1900, the first U.S. Open Golf Championship was held. The winner's prize money was $75. In 2015, the winner's check was $1,500,000. What was
In 1900, the first U.S. Open Golf Championship was held. The winner's prize money was $75. In 2015, the winner's check was $1,500,000. What was the annual percentage increase in the winner's check over this period? If the winner's prize increases at the same rate, what will it be in 2050?
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
7th Edition
0357442040, 978-0357442043
