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Assume that the growth rate (4.34%) prevailed since Robert E. Lee's father Henry rented the home in 1812. Calculate the price of the house in
Assume that the growth rate (4.34%) 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).Please show your work.
The years are 2019 end and start at 1812
Growth Rate % = 4.34%
Price of the house in year 2000 = 2,500,000
Value of the house as on 2019 = 5,600,000
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