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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,
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