Question: Question 5: Calculating Interest Rates and Future Values (L01, 3) In 1970, the prize money of the Canadian Open Tennis Tournament was $15,000. In 2015,

Question 5: Calculating Interest Rates and Future Values (L01, 3) In 1970, the prize money of the Canadian Open Tennis Tournament was $15,000. In 2015, the prize money was $3,776,270. What was the percentage increase in the prize money over this period? If the winner's prize continues to increase at the same rate, what will it be in 2040

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