In 1895, the first a sporting event was held The winner's prize money was $140 In 2007, the winner's check was $1,170,000 (Do not round your intermediate calculations ) Required (a) What was the percentage increase per year in the winner's check over this period (Click to select) 8 40 8 45 8 30 8 50 23 94 (b) If the winner's prize increases at the same rate, what will it be in 2040 (Click to select) 17,258,679 54 140 00 16,998,139 86 16,239,199 20 16,741,415 90

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Question: In 1895, the first a sporting event was held. The winner's prize money was $140. In 2007, the winner's check was $1,170,000. (Do not round

In 1895, the first a sporting event was held. The winner's prize money was $140. In 2007, the winner's check was $1,170,000. (Do not round your intermediate calculations.)

Required:
(a)	What was the percentage increase per year in the winner's check over this period?

	(Click to select) 8.40 8.45 8.30 8.50 -23.94

(b)	If the winner's prize increases at the same rate, what will it be in 2040?

	(Click to select) 17,258,679.54 140.00 16,998,139.86 16,239,199.20 16,741,415.90

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