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In 1904, the first Putting Green Championship was held. The winner's prize money was $150. In 2016, the winner's check was $1,177,000. (Do not round
| In 1904, the first Putting Green Championship was held. The winner's prize money was $150. In 2016, the winner's check was $1,177,000. (Do not round intermediate calculations.) |
| a. | What was the percentage increase per year in the winner's check over this period? |
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| b. | If the winner's prize increases at the same rate, what will it be in 2049? |
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Personal Finance Turning Money Into Wealth
Authors: Arthur J. Keown
6th Edition
0132719169, 978-0132719162
