In 1895, the first a sporting event was held. The winner's prize money was $130. In 2007, the winner's

In 1895, the first a sporting event was held. The winner's prize money was $130. In 2007, the winner's check was $1,173,000. (Do not round your intermediate calculations.)

Required:
(a)	What was the percentage increase per year in the winner's check over this period?
	(Click to select)  8.52  8.57  -24.12  8.47  8.37

(b)	If the winner's prize increases at the same rate, what will it be in 2040?
	(Click to select)  17,430,895.58  17,697,884.24  130.00  16,653,153.67  17,167,814.42