Question: 3.33 points Problem 4-13 Calculating Growth Rates and Future Values [LO 1, 3 In 1902, the first Green Jacket Golf Championship was held. The winner's
3.33 points Problem 4-13 Calculating Growth Rates and Future Values [LO 1, 3 In 1902, the first Green Jacket Golf Championship was held. The winner's prize money was $220. In 2015, the winner's check was $1,560,000. What was the annual percentage increase in the winner's check over this period? not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Annual percentage % If the winner's prize increases at the same rate, what will it be in 2049? (Enter you answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) Prize money References eBook & Resources Worksheet t And Learning Objective: 04-01 Determine the future value of an investment made today 3 More Problem 4-13 Calculating Growth Rates and Future Values [LO 1,3 Learning Objective: 04-03 Calculate the return on an Difficulty: 1 Basic Section: 4.1 Future Value And Compounding Check my work
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