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Problem 5 - 1 3 Calculating Interest Rates and Future Values [ LO 1 , 3 ] In 1 8 9 5 , the first
Problem Calculating Interest Rates and Future Values LO
In the first US Open Golf Championship was held. The winner's prize money was $ In the winner's check was $
a What was the percentage increase per year in the winner's check over this period? Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
b If the winner's prize increases at the same rate, what will it be in Do not round intermediate calculations and round your answer to decimal places, eg
tablea Increase per year,b Winners prize in
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