Annual percentage increase-winner


In 1895, the first U.S. Open Golf Championship was held. The winner's prize money was $150. In 2006, the winner's check was $1,225,000. What was the annual percentage increase in the winner's check over this period? If the winner's prize increases at the same rate, what will it be in 2040?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Annual percentage increase-winner
Reference No:- TGS0551930

Now Priced at $20 (50% Discount)

Recommended (98%)

Rated (4.3/5)