In 1895, the first U.S. Open Golf Championship was held. The winners prize money was...
60.1K
Verified Solution
Link Copied!
Question
Finance
In 1895, the first U.S. Open Golf Championship was held. The winners prize money was $190. In 2019, the winners check was $1,390,000.
a. What was the percentage increase per year in the winners check over this period? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
b. If the winners prize increases at the same rate, what will it be in 2039? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
