Question
In 1904, the first Putting Green Championship was held. The winner's prize money was $200. In 2016, the winner's check was $1,161,000. (Do not round
In 1904, the first Putting Green Championship was held. The winner's prize money was $200. In 2016, the winner's check was $1,161,000. (Do not round intermediate calculations.)
a. What was the percentage increase per year in the winner's check over this period?
| b. | If the winner's prize increases at the same rate, what will it be in 2049? |
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Empirical Finance
Authors: Sardar M. N. Islam, Sethapong Watanapalachaikul
1st Edition
3790815519, 978-3790815511
