In 1803, Napoleon sold the Louisiana Territory to the United States for $0.04 per acre. In 2014,
Question:
In 1803, Napoleon sold the Louisiana Territory to the United States for $0.04 per acre. In 2014, the average value of an acre at this location is $10,000. What annual compounded percentage increase in value of an acre of land has been experienced?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (6 reviews)
The value of N is 2014 1803 211 yea...View the full answer
Answered By
Umber Talat
I am providing full time mentoring and tutoring services in Business Finance, Contemporary issue in Global Economy, Quantitative Techniques, Principles of Marketing, strategic marketing, International Marketing, Organizational Behavior (OB), Consumer Behavior, Sales Force Management, Strategic Brand Management, Services Marketing, Integrated Marketing Communication (IMC), Principles of Management, General Management, Strategic Management, Small and Medium Enterprise Management, Innovation Management, Change Management, Knowledge Management, Strategic Planning, Operations Management, Supply Chain Management, Logistics Management, Inventory management, Total Quality Management (TQM), Productions Management, Project Management, Production Planning, Human Resource Management (HRM), Human Resource Development, Strategic HRM, Organizational Planning, Performance and Compensation Management, Recruitment and Selection, Organizational Development, Global Issues in Human Resource Management, Retail Marketing, Entrepreneurship, Entrepreneurial Marketing, International Business, Research Methods in Business, Business Communication, Business Ethics.
4.70+
158+ Reviews
236+ Question Solved
Related Book For
Engineering Economy
ISBN: 978-0133439274
16th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Question Posted:
Students also viewed these Business questions
-
The plaintiff, Smith Corona, was the last remaining manufacturer of portable electric typewriters in the United States. An action was brought to challenge the method used by the International Trade...
-
Muscle Bound Co. sells home exercise equipment. The company has two sales territories, Eastern and Western. Two products are sold in each territory: FasTrak (a Nordic ski simulator) and RowMaster (a...
-
Freeze, Inc., sells air conditioners. The company has two sales territories, Northern and Southern. Two products are sold in each territory: Economy and Efficiency. During January, the following data...
-
Read each case carefully and, as determined in the Internal Revenue Code of Puerto Rico, identify the deductions, calculate the amount of deductions and what the determined contribution would be. and...
-
In Problem 26-14, what is the value of the Herfindahl-Hirschman index?
-
Please write a short (limit 1000 words) essay on the United Nations Human Rights Council's 2017 report on the financialization of housing (relevant links below). You may either agree or disagree with...
-
Refer to the data for E5-16A. However, instead of the FIFO method, assume Austins Jewelers uses the average cost method. Requirements 1. Prepare a perpetual inventory record for the watches on the...
-
A stockbroker calls on potential clients from referrals. For each call, there is a 10% chance that the client will decide to invest with the firm. Fifty five percent of those interested are found not...
-
Homework Homework (1): Mostafa company has annual capacity of 300,000 units. Budgeted production and seals for next year 280,000 units. the unit regular sale price is $40. the company has received a...
-
A weight W is suspended from the midspan of a simply supported beam as shown in Fig. P17.4. If the wire by which the weight is suspended suddenly snaps, describe the subsequent vibration of the beam....
-
Calculate the compounded future value of 20 annual payments of $5,000 each into a savings account that earns 6% per year. All 20 payments are made at the beginning of each year.
-
Mr. Smith has saved $1,800 each year for 20 years. A year after the saving period ended, Mr. Smith withdrew $7,500 each year for a period of 5 years. In the sixth and seventh years, he only withdrew...
-
In Figure a "semi-infinite" non-conducting rod (that is, infinite in one direction only) has uniform linear charge density , Show that the electric field Ep at point P makes an angle of 45o with the...
-
Use the table below to answer the following questions: Present Value of 1 Present Value of an Factor Annuity of 1 Factor Period 1/2 Yr Full-Yr 1/2 Yr Full-Yr 1 0.9578 0.9174 0.9578 0.9174 2 0.9174...
-
The management at Easy loan Bank is interested in offering a corporate fitness programme for its employees. It has decided to offer a 50 per cent subsidy to all who participate. The gym has agreed to...
-
An individual decides to pay $25 to play golf instead of buying a $25 video game. What is the opportunity cost of playing golf?
-
The labor force in an economy consists of all a. the people in the economy who are not retired. b. the people in the economy over 16 years of age. c. the adults in the economy between 18 and 65 years...
-
3. On December 31, 2020, Norway Company has a balance of P1,600,000 in its inventory account determined through physical count and a balance of P1,000,000 in its accounts payable account. The...
-
If you include three statements in a try block and follow the block with three Catch blocks, and the second statement in the try block throws an exception, Then___________. A. The first catch block...
-
As long as we can't lose any money, we have a risk-free investment." Discuss this comment. Q2: Both investing and gambling can be defined as "undertaking risk in order to earn a profit." Explain how...
-
Apply the ERR method with ϵ = 12% per year to the following series of cash flows. Is there a single, unique IRR for these cash flows? What is the maximum number of IRRs suggested by...
-
Are there multiple IRRs for the following cash-flow sequence? How many are possible according to Descartes' rule of signs? If = 10% per year, what is the ERR for the cash flows of this project? Let...
-
Buildings that are constructed to be environmentally responsible are referred to as "green buildings." They cut down on energy use, increase water efficiency, improve indoor air quality and use...
-
Home mortgage notes are sold on national exchanges similar to the New York Stock Exchange. 1. Does the lending bank have any obligations to the maker of a mortgage note in this regard? 2. Does a...
-
1) In which stage of Business Model Maturity Index do organizations leverage the insights gathered from the Business Insights and Business Optimization phases to create new revenue opportunities. 2)...
-
Based on the WCAT decision attached, the Opening statement for the appellant and respondent should contain the following pint. nature of the case position of the party issues to be addressed.
Study smarter with the SolutionInn App