Question: I need help with this. Please do not answer if you are unable to answer requirement 1&2. thank you Problem 4-13 Calculating Interest Rates and

I need help with this. Please do not answer if you are unable to answer requirement 1&2. thank you
I need help with this. Please do not answer if you are

Problem 4-13 Calculating Interest Rates and Future Values [LO 1, 3] In 1904, the first U.S. Open Golf Championship was held. The winner's prize money was $240. In 2012, the winner's check was $1.440,000. Requirement 1: What was the annual percentage increase in the winner's check over this period? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).) Annual percentage Requirement 2: If the winner's prize increases at the same rate, what will it be in 2036? (Enter your answer in dollars, not millions of dollars (e.g., 1,234,567). Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g. 32.16).) Prize money References eBook & Resources

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