Calculate the compound growth rate

Assignment Help Finance Basics
Reference no: EM132375447

29 years ago, the average home sale price in your hometown was $61,013. Today the average price of a house is $352,634. What was the average annual rate of change in the price of houses over this time period? (you should calculate the compound growth rate in this problem).

Round the answer to two decimal places in percentage form.

Reference no: EM132375447

Questions Cloud

The person responsible for communicating public policy : Discuss the implications of these advantages and disadvantages to the person responsible for communicating public policy.
What will be the usd-eur exchange rate : You forecast the USD is going to appreciate by 10% relative to the EUR in one month. What will be the USD/EUR exchange rate in a month.
Monthly payments from the annuity contract : Julie Maragon has just turned 85. Due to historically low returns in the government bond market, Ms. Maragon is planning to purchase a life-annuity
What is NATO and Why do countries want to join NATO : What is NATO? Why do countries want to join NATO? What is NATO's purpose? Has it changed at all? Is NATO an obsolete relic of the Cold War (Magstadt, 532)?
Calculate the compound growth rate : 29 years ago, the average home sale price in your hometown was $61,013. Today the average price of a house is $352,634.
Figure out present value of annuity payments : Can you please help me study and learn how to figure out present value of annuity payments. The example I am using is $1million lottery winnings
Cold war seemed to decrease the security problems : Pol 300-The conclusion of the Cold War seemed to decrease the security problems of the world's major powers for a while
How much is the endowment that you received : How much is the endowment that you received? Round the answer to two decimal places.
What is the price of the bond : What is the price of the bond? Is the bond selling at a premium or a discount?

Reviews

Write a Review

Finance Basics Questions & Answers

  What is an appropriate cost of capital for division a

Division A within the firm has an estimated beta of 1.08 and is the riskiest of all of the firm's operations. What is an appropriate cost of capital for division A if the market risk premium is 9.5 percent?

  Compute the effective yield with an interest rate

A $1,000, 20-year bond with an interest rate of 14 percent is selling at $1,200. Compute the effective yield.

  Which projects should done using capital rationing thinking

Several smaller projects are available with much lower IRR's. Discuss which projects should be done using capital rationing thinking.

  What are the advantages and disadvantages of net present

what are the advantages and disadvantages of net present value internal rate of return and payback period. are they

  Show the npv profile of the project

Barracuda Count Dracula, the CFO, has requested that you provide the NPV at various interest rates. In addition you are to graph your NPV results at each interest rate to show the NPV profile of the project.

  Determine the medicaid expansion passed a cost-benefit test

According to Currie and Gruber [1996], the expansions of Medicaid in the 1980s led to a decline in child mortality of 5.1 percent.

  Determine the denominators to be used in the calculations

Determine the denominators to be used in the calculations of cost per equivalent unit for materials and conversion costs.

  Explain ability of foreign exchange rates to float freely

How did the Bretton Woods and the Smithsonian Agreements affect the ability of foreign exchange rates to float freely?

  In the accumulation phase of the investor life cycle

In the accumulation phase of the investor life cycle

  Define the law of one price carefully

Define the law of one price care- fully, noting its fundamental assumptions. Why are these assumptions so difficult to apply in the real world in order.

  Holding all other factors constant indicate whether each of

holding all other factors constant indicate whether each of the following signals generally good or bad news about a

  Economic fluctuation-inflation and causes of unemployment

What is economic fluctuation, inflation and causes of unemployment that would affect sales of iPhone 6 Plus from Apple Inc. Economic fluctuations

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd