In 1803, Napoleon sold the Louisiana Territory to the United States for $0.04 per acre. In 2014,
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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?
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The value of N is 2014 1803 211 yea...View the full answer
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Related Book For 
Engineering Economy
ISBN: 978-0133439274
16th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
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