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What was the annual percentage increase

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Reference no: EM131222259

• In 1901, the first U.S. Open Golf Championship was held. The winnerAccs prize money was $330. In 2012, the winnerAccs check was $1,650,000.

• What was the annual percentage increase in the winnerAc€?cs check over this period?

• If the winnerAccs prize increases at the same rate, what will it be in 2050?

Reference no: EM131222259

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