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to solve 13 and 14 13. Calculating Interest Rates and Future Values. In 1895, the first U.S. Open Golf Championship was held. The winner's prize

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13. Calculating Interest Rates and Future Values. In 1895, the first U.S. Open Golf Championship was held. The winner's prize money was $150. In 2009 , the winner's check was $1,350,000. What was the annual percentage increase in the winner's check over this period? If the winner's prize increases at the same rate, what will it be in 2045? 14. Calculating Rates of Return. In 2009 , a $5 silver certificate from 1896 was sold for $10,500. For this to have been true, what was the annual increase in the value of the certificate

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