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Question #10:-Rate of Return-8 points In 1895, the 1st. U.S. Open Golf Championship was held. The winner's prize money was $150. In 2020, Bryson DeChambeau-winning

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Question #10:-Rate of Return-8 points In 1895, the 1st. U.S. Open Golf Championship was held. "The winner's prize money was $150. In 2020, Bryson DeChambeau-winning check was $2,250,000.- Required: A.-What was the annual percentage increase in the winner's check over this period? Note: carry your answer out 3 decimal places and round to 2 decimal places. B. If the winner's prize increases at the same rate, what will the winner's check be in 2050?4

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