The winner of the first annual Tom Morris Golf Invitational…

The winner of the first annual Tom Morris Golf Invitational won $160 in the competition which was held in 1910. In 2015, the winner received $1,570,000. If the winner’s purse continues to increase at the same interest rate, how much will the winner receive in2044?

You currently have $6,600. First United Bank will pay you an…

You currently have $6,600. First United Bank will pay you an annual interest rate of 7.7, while Second National Bank will pay you an annual interest rate of 9. How many fewer years must you wait for your account value to grow to $24,700 at Second National Bank?