please show all work please do not use excell

In 1895, the first a sporting event was held. The winner's prize money was $120. In 2007, the winner's check was $1,175,000.

(Do not round your intermediate calculations.)

Required: (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 2040?