In 1904, the first Putting Green Championship was held. The winner's prize money was $160. In 2016, the winner's check was $1,177,000. (Do not round intermediate calculations.) 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 2049?
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In 1904, the first Putting Green Championship was held. The winner's prize money was $160. In 2016, the winner's check was $1,177,000. (Do not round intermediate calculations.) |
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 2049? |
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- In 1895, the first Putting Green Championship was held. The winner’s prize money was $180. In 2016, the winner’s check was $1,380,000. a. What was the percentage increase per year in the winner’s check over this period? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. If the winner’s prize increases at the same rate, what will it be in 2037? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)In 1895, the first a sporting event was held. The winners prize money was $ 120 . In 2007, the winners check was $1,170,000. (A) what was the percentage increase per year in the winners check over this period? (B) If the winners prize increases at the same rate, what will it be in 2040?In 1895, the first Green Jacket Golf Championship was held. The winner’s prize money was $155. In 2018, the winner’s check was $2,190,000. a. What was the annual percentage increase in the winner’s check over this period? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. If the winner’s prize increases at the same rate, what will it be in 2049? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 1,234,567.89.)
- In 1895, the first U.S. Open Golf Championship was held. The winner’s prize money was $150. In 2018, the winner’s check was $2,160,000. 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 2048?In 1895, the first Putting Green Championship was held. The winner’s prize money was $250. In 2010, the winner’s check was $1,450,000. What was the percentage increase per year in the winner’s check over this period? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Interest rate % If the winner’s prize increases at the same rate, what will it be in 2030? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))The winner of the first annual Tom Morris Golf Invitational won $135 in the competition which was held in 1905. In 2015, the winner received $1,520,000. If the winner's purse continues to increase at the same interest rate, how much will the winner receive in 2056?
- Please answer me in typing, avoid images and handwriting. 1.In 1895, the first U.S. Open Golf Championship was held. The winner's prize money was $150. In 2010, the winner's check was $1,350,000. What was the percentage increase per year in the winner'scheck over this period? If the winner's prize increases at the same rate, what will it be in 2040?Assume that in 2018, a copper penny struck at the Philadelphia mint in 1795 was sold for $360,000. What was the rate of return on this investment?the lottery commission wants to be able to withdraw $400,000 at the beginning of each year for twenty years to cover annual payments due to Randy who won 8 million. How much does the commission need to invest today in an account paying 3.6% compounded annually to provide these payments?
- Juan Garza invested $20,000 10 years ago at 12 percent, compounded quarterly. How much has he accumulated? Use Appendix A for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)On September 1, 2014, a university received a grant of $100,000 from Tajinder. The money is invested at 8% compounded quarterly. The grant is to be used to pay out semi-annual scholarships for 20 years. What is the size of each scholarship if the first one is awarded on September 1, 2016? Need well explained answer, please do not use excel.1a. In 1895, the winner of a competition was paid $110. In 2006, the winner's prize was$70,000. What will the winner's prize be in 2040 if the prize continues increasing at the samerate? 1b. You have just made a $1,500 contribution to your individual retirement account. Assumeyou earn a 12 percent rate of return and make no additional contributions. How much more willyour account be worth when you retire in 25 years than it would be if you waited another 10years before making this contribution?