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If the winners purse continues to increase at the same

The winner of the first annual Tom Morris Golf Invitational won $110 in the competition which was held in 1900. In 2015, the winner received $1,470,000. If the winner's purse continues to increase at the same interest rate, how much will the winner receive in 2051?

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Finance Basics: If the winners purse continues to increase at the same

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