Question: 26 In 1895, the first a sporting event was held. The winner's prize money was $120. In 2007, the winner's check was $1,166,000. (Do not

26 In 1895, the first a sporting event was held. The winner's prize money was $120. In 2007, the winner's check was $1,166,000. (Do not round your intermediate calculations.) Required: (a)What was the percentage increase per year in the winner's check over this period? 8 00:51:20 (Click to select) (b)if the winner's prize increases at the same rate, what will it be in 2040? (Click to select)

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