Make your own contribution in a main topic & respond with value added comments to at least two of your
classmates or the instructor.
1. Calculate the annual compound growth rate of the house price since the house was sold to Mark &
Ann Kington (since 2000) until the house was sold in July 2020. (The growth rate should be calculated
to two decimals in % form. Round the number of years to the whole number). Please show your work.
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. (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.
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. Assume the growth rate that you calculated in #1 prevailed since 1795. Calculate the price of the
house in 1795. (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.
5. Assume that the growth rate you calculated in Q#1 remains the same until the Stonewall Jackson
Memorial Foundation purchased the home in 1966 & opened it to the public. Calculate the price of
the house in 1966. (Round the # of years to the whole #). (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.
6. In 2018, the listed price of the house was $8.5M. In July 2020 the house was sold to $4.7M. Calculate
the compound rate of this reduction in price. (The rate should be calculated to two decimals. Round
the number of years to the whole number). Please explain your answer.
7. Reflection the students also should include a paragraph in the initial response in their own words
reflecting on specifically what they learned from the assignment and how they think they could apply
what they learned in the workplace or in everyday life.
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