Please show the step by step solution in excel and the formulas used please! 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 acres–there 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.?
Please show the step by step solution in excel and the formulas used please! 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 acres–there 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.?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Please show the step by step solution in excel and the formulas used please!
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 acres–there 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
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