In 1895 the first a sporting event was held the winners, Finance Basics

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In 1895 the first a sporting event was held the winners

In 1895, the first a sporting event was held. The winner's prize money was $170. In 2007, the winner's check was $1,164,000.

(a) What was the percentage increase per year in the winner's check over this period?

(b) If the winner's prize increases at the same rate, what will it be in 2040?

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Finance Basics: In 1895 the first a sporting event was held the winners

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Finance Basics: In 1895 the first a sporting event was held the winners

Reference No:- TGS0600989

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Finance Basics: In 1895 the first a sporting event was held the winners

Reference No:- TGS0600989

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