Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. in 1895, the first a sporting event was held. the

In 1895, the first a sporting event was held. The winner's prize money was $130. In...

60.1K

Verified Solution

Question

Finance

In 1895, the first a sporting event was held. The winner's prizemoney was $130. In 2007, the winner's check was $1,173,000.(Do not round your intermediate calculations.)

Required:
(a)What was the percentage increase per year in the winner's checkover this period?
(Click toselect)  8.52  8.57  -24.12  8.47  8.37
(b)If the winner's prize increases at the same rate, what will itbe in 2040?
   (Click toselect)  17,430,895.58  17,697,884.24  130.00  16,653,153.67  17,167,814.42

Answer & Explanation Solved by verified expert
3.9 Ratings (433 Votes)
aHence    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

QUESTION 1 Match the description to the membrane protein A protein that recognizes a chemical...

Physics
1.2K views

36 A mercury drop of radius 1 0 cm is sprayed inte 10 droplets of...

Basic Math
1.2K views

Last year Yane gave 5 540 63 to his local church which he calculated as...

Basic Math
1.2K views

The sides of a rhombus have length 12 ft. The longer diagonal has length 18...

Basic Math
1.2K views

Consider statements p and q.P: The car is blue.q: The car is a sedan.For parts...

Basic Math
1.2K views

Fill in the blanks.The exponential function given by f(x) = e is called the ---Select-...

Accounting
1.2K views

The following information was drawn from the accounting records...

Accounting
1.2K views

Stojko Corporation had a net decrease in cash of $12,500 for the current year. Net...

Accounting
1.2K views

NEED HELP NOW Question 3 For each of the...

Accounting
1.2K views

work Saved Help Save & Exit Su Check my we Net Work Corporation, whose annual...

Accounting
1.2K views

Oriole Company began operations in 2020 and determined its ending inventory at cost and at...

Finance
1.2K views

III Homework: Assignment 7 Question 6, P8-31 (similar to) > HW Score: 0%, 0 of...