In 1895, the first a sporting event was held. The winner's prize money was $100. In 2007, the winner's check was $1,163,000. (Do not round your intermediate calculations.)

Required:
(a)	What was the percentage increase per year in the winner's check over this period?
	Either: 8.82 or 8.62 or 8.77 or 8.72 or -24.70

(b)	If the winner's prize increases at the same rate, what will it be in 2040? Either: 100.00 or 18,343,142.41 or 17,794,473.86 or 18,908,200.49 or 18,623,593.45