The winner of the first annual Tom Morris Golf Invitational won $150 in the competition which was
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The winner of the first annual Tom Morris Golf Invitational won $150 in the competition which was held in 1908. In 2015, the winner received $1,550,000. If the winner's purse continues to increase at the same interest rate, how much will the winner receive in2042?
Expert Answer:
To calculate the future amount the winner will receive in 2042 if the purse continues to increase at ... View the full answer
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