Calculate the annual compound growth rate of the house price since the house was sold to Mark and Ann Kington (since 2000) until the house was listed for sale in 2018. (Round the number of years to the whole number). Please show your work.

 

Ending value 8.5M

Beginning value 2.5M

Years 2000-2018=18

Answer rating: 100% (QA)

To calculate the compound annual growth rate CAGR we can use the following formula CAGR Ending Value ... View the full answer