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In 1895, the first U.S. Open Golf Championship was held. The winners prize money was...

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Finance

In 1895, the first U.S. Open Golf Championship was held. The winners prize money was $150. In 2016, the winners check was $2 million. What was the percentage increase per year in the winners 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.)

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