1. In 1904, the first Putting Green Championship was held. The winner's prize money was $170. In...

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1.In 1904, the first Putting Green Championship was held. The winner's prize money was $170. In 2016, the winner's check was $1,171,000. (Do not round intermediate calculations.)

a.What was the percentage increase per year in the winner's check over this period? FV = PV (1 + r) t

b.If the winner's prize increases at the same rate, what will it be in 2049?

Posted Date: May 19, 2024 03:11 PM

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1. In 1904, the first Putting Green Championship was held. The winner's prize money was $170. In...

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