In 1884 the winner of a competition was paid 100 in 2015


In 1884, the winner of a competition was paid $100. In 2015, the winner's prize was $375,000. What will the winner's prize be in 2040 if the prize continues increasing at the same rate? (Round your answer to the nearest $500.)

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Financial Management: In 1884 the winner of a competition was paid 100 in 2015
Reference No:- TGS01359228

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