| 1. Calculate the annual compound growth rate of the house price since the house was sold to Mark and Ann Kington (since 2000) until the house was listed for sale in October 2019. (Round the number of years to the whole number). |
| 0.0665 | | | | | | | 207 |
| 2. Assume that the growth rate you calculated in question #1 prevailed since Robert E. Lee's father Henry rented the home in 1812. Calculate the price of the house in 1812. (Round the number of years to the whole number). (TIP: To get the answer correctly you need to use the price of the house in your calculations in dollars with all zeros). |
| $13.78 |
| |
| 3) Assume the growth rate that you calculated in #1 prevailed since 1795. Calculate the price of the house in 1795. |
| $4.61 |
| 4. Assume that the growth rate you calculated in question #1 remains the same until the Stonewall Jackson Memorial Foundation purchased the home in 1966 and opened it to the public. Calculate the price of the house in 1966. |
| ($2,295.13) |
| ($2,294.46) |
| 5) The home had been used as a residence until 1966. The Stonewall Jackson Memorial Foundation purchased the home in 1966 and opened it to the public. Unable to make ends meet, the foundation sold the home in 2000 to Mark and Ann Kington for $2.5 million. Calculate annual compound growth rate The Stonewall Jackson Memorial Foundation received. |
| | | | ERROR:#NUM! |
JBod
Disc2-HamptonsTemplateClean.xlsx
