Question: Problem 5 - 1 3 Calculating Interest Rates and Future Values [ LO 1 , 3 ] 1 1 . 1 1 pointseBookHintPrintReferencesIn 1 8

Problem 5-13 Calculating Interest Rates and Future Values [LO1,3]11.11pointseBookHintPrintReferencesIn 1895, the first U.S. Putting Green Championship was held. The winner's prize money was $170. In 2022, the winner's check was $3,000,000.a. What was the percentage increase per year 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.g.,32.16.b. If the winner's prize increases at the same rate, what will it be in 2051?Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.a. Increase per yearb. Winners prize in 2051

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