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Calculate the annual compound growth rate of the house price since the house was sold toMark and Ann Kington(since 2000) until the price for the
- Calculate the annual compound growth rate of the house price since the house was sold toMark and Ann Kington(since 2000) until the price for the house was reduced in October 2019. (The growth rate should be calculated to two decimals in percentage form. Round the number of years to the whole number).Please show your work.
Starting price in 2000 is $2,500,000
End price in Oct 2019 is $5,600,000
I Keep getting -88.22% but I know I messed up somewhere in my work but can't figure out where :/ I know I have to use the compound annual growth rate formula but I keep getting that wonky number. if you could explain each step so I know where im messing up it would be great
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