need help solving second part. tried with n=32 %=7.81 PV=-1,500,000 In 1895,...
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need help solving second part. tried with n=32 %=7.81 PV=-1,500,000
In 1895, the first Putting Green Championship was held. The winner's prize money was $180. In 2014, the winner's check was $1,500,000 What was the percentage increase per year in the winner's check over this period? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Increase per year 7.81 % If the winner's prize increases at the same rate, what will it be in 2045? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Winner's prize in 2045
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