Problem 5.13 – Increasing Prize Money in the U.S. Open Golf Championship: Calculating the Annual Increase and Future Value

Fundamentals of Corporate Finance

Ross, Westerfield, and Jordan

13th Edition

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FiWhat was the annual increase in the winner's prize money for the U.S. Open Golf Championship from 1895 to 2012 and what will it be in 2045 if it continues to increase at the same rate? Your years will vary.

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