4) The table below lists the winners and the from the Masters Golf Tournament from...
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4) The table below lists the winners and the from the Masters Golf Tournament from 2006 to 2011. Year 2006 2007 2008 2009 2010 2011 Winner Phil Mickelson Zach Johnson Trevor Immelman Angel Cabrera Phil Mickelson Charl Schwartzel Prize Money ($M) (then-current dollars) $1.260 $1.305 $1.350 $1.350 $1.350 $1.440 I Prize Money (2011 dollars) a. Assume the U.S. inflation rate averaged 2% per year over the five-year period. Express each winner's prize money in terms of 2011 dollars. Show the values in the table above. b. What is the average annual growth rate of the prize money in then-current dollors over the five-year period? c. What is the average annual growth rate of the prize money in 2011 dollars over the five-year period? 
4) The table below lists the winners ana from the Masters Golf Tournament from 2006 to 2011. a. Assume the U.S. inflation rate averaged 2% per year over the five-year period. Express each winner's prize money in terms of 2011 dollars. Show the values in the table above. b. What is the average annual growth rate of the prize money in then-current dolfors over the five-year period? c. What is the average annual growth rate of the prize money in 2011 dollars over the five-year period
4) The table below lists the winners and the from the Masters Golf Tournament from 2006 to 2011. Year 2006 2007 2008 2009 2010 2011 Winner Phil Mickelson Zach Johnson Trevor Immelman Angel Cabrera Phil Mickelson Charl Schwartzel Prize Money ($M) (then-current dollars) $1.260 $1.305 $1.350 $1.350 $1.350 $1.440 I Prize Money (2011 dollars) a. Assume the U.S. inflation rate averaged 2% per year over the five-year period. Express each winner's prize money in terms of 2011 dollars. Show the values in the table above. b. What is the average annual growth rate of the prize money in then-current dollors over the five-year period? c. What is the average annual growth rate of the prize money in 2011 dollars over the five-year period?
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