Solution-Determining the value of the property

Determining the value of the property

Reference no: EM131257892

The purchase price of an acre of land in the Louisiana purchase in 1803 was about 6 cents. Suppose the value of this property grew at an annual rate of 4.6% compounded annually. What would an acre of land be worth in 2016?

Reference no: EM131257892

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Determining the value of the property : The purchase price of an acre of land in the Louisiana purchase in 1803 was about 6 cents. Suppose the value of this property grew at an annual rate of 4.6% compounded annually. What would an acre of land be worth in 2016?

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Determining the value of the property

Reference no: EM131257892

Reference no: EM131257892

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