IN 1895, THE FIRST U.S. OPEN GOLF CHAMPIONSHIP WAS HELD. THE WINNER'S PRIZE MONEY WAS $150.

Home>Business & Finance homework help

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?

IN 1895, THE FIRST U.S. OPEN GOLF CHAMPIONSHIP WAS HELD. THE WINNER'S PRIZE MONEY WAS $150.

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

Looking for a Similar Assignment? Our Experts can help. Use the coupon code SAVE30 to get your first order at 30% off!