In 1894 the winner of a competition was paid 120 in 2006


In 1894, the winner of a competition was paid $120. In 2006, the winner's prize was $68,000. What will the winner's prize be in 2040 if the prize continues increasing at the same rate?

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Financial Econometrics: In 1894 the winner of a competition was paid 120 in 2006
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