. Calculate the annual compound growth rate of the Redstone Castle price since the house was purchased by Steve and April Carver (in 2016) until it was listed for sale in 2020. (The growth rate should be calculated totwo decimals in percentage form. Round the number of years to the whole number).Please show your work.

2. Assume that the average compound growth rate prevailed sinceJohn Cleveland Osgoodbuilt the Castle in 1902 until 2016 was5.52%per yearcompounded annually. Calculate the price of the house in 1902. (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.