Problem 4-13 Calculating Growth Rates and Future Values [LO 1, 3] In 1896, the first Green Jacket Golf Championship was held. The winner's prize money was $200. In 2020, the winner's check was $2,460,000 a. What was the annual percentage increase in the winner's check over this period? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.9., 32.16 b. If the winner's prize increases at the same rate, what will it be in 2050 ? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 1,234,567.89