P5-13 Calculating Interest Rates and Future Values (L01, 3) In 1904, the first Putting Green Championship was held. The winner's prize money was $120. In 2016, the winner's check was $1,179,000. (Do not round intermediate calculations.) a. What was the percentage increase per year in the winner's check over this period? Interest rate % b. If the winner's prize increases at the same rate, what will it be in 2049? Future value Next 12 of 14