In 1895, the first U.S. Open Golf Championship was held. The winners prize money was $150. In
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In 1895, the first U.S. Open Golf Championship was held. The winner’s prize money was $150. In 2001, the winner’s check was $900,000. What was the 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 2040?
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To calculate the percentage increase in the winners check from 1895 to 2001 you can use the followin...View the full answer
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9780072553079
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
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