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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 at a reduced price in 2019.

/in /by

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 at a reduced price in 2019. (Round the number of years to the whole number). Please show your work.

Ending value 8500000

Beginning value 2500000

Years 2000-2019=19

= (8.5 million/2.5 million) 1/19-1

 
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