Problem 4-13 Calculating Growth Rates and Future Values [LO 1, 3] In 1895, the first Green Jacket Golf Championship was held. The winner's prize money was $160. In 2020, the winner's check was $2,220,000. a. What was the annual percentage increase in the winner's check over this period? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. b. If the winner's prize increases at the same rate, what will it be in 2050? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 1,234,567.89. a. Annual percentage increase b. 2050 prize money %