Calculate the annual percentage

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Reference no: EM131916074

In 1900, the first Green Jacket Golf Championship was held.

The winner's prize money was $200. In 2015, the winner's check was $1,540,000. 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?

Calculate: Annual percentage=?

Prize money=?

Reference no: EM131916074

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