In 1902, the first U.S. Open Golf Championship was held. The winners prize money was $220. In 2012, the winners check was $1,420,000. What was the annual percentage increase in the winners check over this period? If the winners prize increases at the same rate, what will it be in 2038?In 1902, the first U.S. Open Golf Championship was held. The winners prize money was $220. In 2012, the winners check was $1,420,000. What was the annual percentage increase in the winners…
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