Hello,

I need help with these 1 question can you please guide me by showing the steps - thank you

1) In 1803, the U.S. doubled in size with the Louisiana Purchase. That well-known real estate mogul Napoleon Bonaparte sold us 827,000 square miles (529,280,000 acres-there are 640 acres in a square mile). We paid $15 million. Assume that part of the US is worth an average of $5,000 per acre in 2017. What is the annual rate of return of this purchase for the U.S.?