Question: Please show all steps in Excel and please explain al steps. In 1 8 0 3 , the U . S . doubled in size

Please show all steps in Excel and please explain al steps. In 1803, the U.S. doubled in size with the Louisiana Purchase. That well-known real estate mogul Napoleon Bonaparte sold us 827,000 square miles (529,280,000 acresthere are 640 acres in a square mile). We paid $15 million. Assume that part of the US is worth an average of $7,500 per acre in 2024. What is the annual rate of return of this purchase for the U.S.?

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