Question
2019 cost of house = 6,200,000 annual compound growth rate=10.62 % Assume that the growth rate you calculated in question #1 remains the same since
2019 cost of house = 6,200,000
annual compound growth rate=10.62 %
Assume that the growth rate you calculated in question #1 remains the same 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).
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Corporate Finance Core Principles and Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford
3rd edition
978-0077971304, 77971302, 978-0073530680, 73530689, 978-0071221160, 71221166, 978-0077905200
