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Average price of land per square feet in Kuala Lumpur (KL):
Year Price
2016 447.77
2017 529.19
2018 592.11
2019 622.90
2020 776.09
2021 812.02
Problem 1: Calculate the compound annual growth rate (CAGR) of land price, per square feet in KL (round it up to two decimal place).
Problem 2: Based on the CAGR of land price (per square feet in KL), if you invest the principal money you obtained from Q1(a), how much would you receive in 5 years. Would you invest Power Plant Project or Land in Kuala Lumpur?
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