In 1895, the first a sporting event was held. The winner's prize money was $100. In 2007, the winner's check was $1,177,000. (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) (b) If the winner's prize increases at the same rate, what will it be in 2040? (Click to select) 18,914,319.09 100.00 19,203,337.93 18,629,520.23 18,072,344.39 According to the Census Bureau, in October 2016, the average house price in the United States was $28,758. 6 years earlier, the average price was $20,808. What was the annual increase in the price of the average house sold? Multiple Choice 5.54% 6.10% 4.99% -5.25% 6.65%