Question
Help please show calculation in excel :) Value in 2016 : $2.2 million Assume that the average compound growth rate prevailed since John Cleveland Osgood
Help please show calculation in excel :)
Value in 2016 : $2.2 million
Assume that the average compound growth rate prevailed since John Cleveland Osgood built the Castle in 1902 until 2016 was 3.78% per year compounded 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.
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Introduction To Finance Markets, Investments, And Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
17th Edition
1119561175, 978-1119561170
