In 1970, the prize money of the Canadian Open Tennis tournament was $15,000. In 2012, the prize
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In 1970, the prize money of the Canadian Open Tennis tournament was $15,000. In 2012, the prize money was $2,648,700. What was the percentage increase in the prize money over this period? If the winner’s prize continues to increase at the same rate, what will it be in 2040?
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Related Book For 
Fundamentals of Corporate Finance
ISBN: 978-0071051606
8th Canadian Edition
Authors: Stephen A. Ross, Randolph W. Westerfield
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