In your initial response to the topic you have to answer all questions.
You are expected to make your own contribution in a main topic as well as respond with value added comments to at least two of your classmates as well as to your instructor.
1. Calculate the annual compound growth rate of the house price since the house was sold to Mark and Ann Kington until the house was sold in July 2020.
2. Assume that the growth rate you calculated in question #1 prevailed since Robert E. Lee’s father Henry rented the home in 1812. Calculate the price of the house in 1812. . .
3. You were using the time value of money concept to answer question #2. Think about the time line for that problem. What is the time point 0 in that problem? Please explain your answer.
4. Robert E. Lee lived in this house until 1825 when he went to West Point. Calculate the value of the house in 1825.
5. Assume the growth rate that you calculated in #1 prevailed since 1795. Calculate the price of the house in 1795..
6. Assume that the growth rate you calculated in question #1 remains the same until house was listed on the National Register of Historic Places in 1986. Calculate the price of the house in 1986.
