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In 1895,the Winner of a Competition Was Paid $150

Question 6

Multiple Choice

In 1895,the winner of a competition was paid $150.In 2006,the winner's prize was $70,000.What will the winner's prize be in 2040 if the prize continues increasing at the same rate?


A) $289,400
B) $321,122
C) $379,311
D) $459,866
E) $548,121

Correct Answer:

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