In 1896 , the first Green Jacket Golf Championship was held. The winner's prize money...
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In 1896 , the first Green Jacket Golf Championship was held. The winner's prize money was $185. In 2020 , the winner's check was $2,370,000. a. What was the annual percentage increase in the winner's check over this period? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16 . b. If the winner's prize increases at the same rate, what will it be in 2055 ? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 1,234,567.89
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