Question: In 1 8 9 6 , the first Green Jacket Golf Championship was held. The winner's prize money was $ 1 9 0 . In

In 1896, the first Green Jacket Golf Championship was held. The winner's prize money was $190. In 2020, the winner's check was
$2,400,000.
a. What was the annual percentage increase in the winner's check over this period?
anual percentage increase: %
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places,
b. If the winner's prize increases at the same rate, what will it be in 2056?
2056 prize money:
Note: Do not round intermediate calculations and round your answer to 2 decimal places
 In 1896, the first Green Jacket Golf Championship was held. The

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!