In 1895, the first U.S. Open Golf Championship was held. The winners prize money was $150. In

Question:

In 1895, the first U.S. Open Golf Championship was held. The winner’s prize money was $150. In 2018, the winner’s check was $2,160,000. 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 2048?

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