SlideShare a Scribd company logo
Gen. Robert E. Lee’s Boyhood Home is for Sale The
Gen. Robert E. Lee’s Boyhood Home is for SaleThe historic Virginia home that
Confederate Gen. Robert E. Lee grew up in hit the market in April 2018 for $8.5 million.
(Trapasso, C.)Robert E. Lee’s father Henry rented the home in 1812, according to The
Washington Post. The family lived there for over 80 years, including Robert E. Lee from age
five to when he went to West Point in 1825. He again visited five years after the Civil War
ended, The Post reported. (Leayman, E.)The home’s other claim to fame is that
President George Washington also dined and lodged there before the Lee family moved in.
(Trapasso, C.)Built in 1795, the brick house was listed on the National Register of Historic
Places in 1986. (Trapasso, C.)The home had been used as a residence until 1966. The
Stonewall Jackson Memorial Foundation purchased the home and opened it to the public.
Unable to make ends meet, the foundation sold the home in 2000 to Mark and Ann
Kington for $2.5 million. (Trapasso, C.)The childhood home of Robert E. Lee that was listed
in 2018 for $8.5 million dollars, was sold in 2020. Public records show it sold for almost half
the original asking price at $4.7 million. (Alexandria Living Magazine.)In your initial
response to the topic please answer the following questions:Calculate the annual compound
growth rate of the house price from the time the house was sold to Mark and Ann Kington in
2000, until the house was sold at the reduced price in 2020, using the reduced price as the
ending value. (Round the number of years to the whole number). Please show your
work.Assume that the growth rate you calculated in question #1 prevailed since Robert E.
Lee’s father Henry rented the home in 1812. Calculate the price of the house in 1812.
(Round the number of years to the whole number). Please show your work.You were using
the time value of money concept to answer question #2. Think about the timeline for that
problem. What is the time point 0 in that problem? Please explain your answer.Assume the
growth rate that you calculated in #1 prevailed since 1795. Calculate the price of the house
in 1795. Please show your work.Assume that the growth rate you calculated in question #1
remains the same until the Stonewall Jackson Memorial Foundation purchased the home in
1966 and opened it to the public. Calculate the price of the house in 1966. (Round the
number of years to the whole number). (TIP: To get the answer correctly you need to use
the price of the house in your calculations in dollars with all zeros). Please show your
work. In 2018, the listed price of the house was $8.5 million. If the house would have sold
for the original asking price, calculate the annual compound growth rate of the house price
from the time the house was sold to Mark and Ann Kington in 2000, until the house was
listed in 2018. (The rate should be calculated to two decimals. Round the number of years to
the whole number). Please show your work.How much did the growth rate change and
why?Reflection – the students also should include a paragraph in the initial response in
their own words reflecting on specifically what they learned from the assignment and how
they think they could apply what they learned in the workplace or in everyday life. This
discussion is “must post first” so you won’t be able to see any other threads until you submit
your initial post. Do not edit your original post, but feel free to make corrections to your
original answers by replying to your own thread with updates as you learn more about time
value of money calculations.You are expected to make your own contribution in a main
topic as well as respond with value added comments to at least two of your classmates as
well as to your
instructor. *****************************************************************************Ref
erencesAlexandria Living (2020, July 24). After Two Years on the Market, Robert E. Lee’s
Boyhood Home Sells for $4.7 Million, from https://alexandrialivingmagazine.com/home-
and-garden/after-two-years-on-the-market-robert-e-lee%E2%80%99s-boyhood-home-
se/Zap, Claudine (2019, October 4). Price of General Robert E. Lee’s boyhood home slashed
to $5.6 million, from https://www.foxnews.com/real-estate/general-robert-e-lees-home-5-
6-millionTrapasso, C. (2018, April 3). Own Some Civil War-Era History: Gen. Robert E. Lee’s
Boyhood Home is for Sale, from https://www.realtor.com/news/unique-homes/general-
robert-e-lees-boyhood-home-sale/Leayman, E. (2019, March 26). Robert E. Lee Boyhood
Home Listed for Reduced Price. Retrieved April 2, 2019, from
https://patch.com/virginia/oldtownalexandria/robert-e-lee-boyhood-homes-listed-
reduced-price

More Related Content

More from write4

Rocking Horse.docx
Rocking Horse.docxRocking Horse.docx
Rocking Horse.docx
write4
 
Rodrigo El Cid Rodrigo after a to.docx
Rodrigo El Cid Rodrigo after a to.docxRodrigo El Cid Rodrigo after a to.docx
Rodrigo El Cid Rodrigo after a to.docx
write4
 
Role in Decision Making What is should be.docx
Role in Decision Making What is should be.docxRole in Decision Making What is should be.docx
Role in Decision Making What is should be.docx
write4
 
Samantha Chanel De Vera Posted Date Apr.docx
Samantha Chanel De Vera Posted Date Apr.docxSamantha Chanel De Vera Posted Date Apr.docx
Samantha Chanel De Vera Posted Date Apr.docx
write4
 
Ruth milikan chapters 5 and 6 in her book varieties.docx
Ruth milikan chapters 5 and 6 in her book varieties.docxRuth milikan chapters 5 and 6 in her book varieties.docx
Ruth milikan chapters 5 and 6 in her book varieties.docx
write4
 
Samantha Chanel De Vera Posted Date Mar.docx
Samantha Chanel De Vera Posted Date Mar.docxSamantha Chanel De Vera Posted Date Mar.docx
Samantha Chanel De Vera Posted Date Mar.docx
write4
 
Russian Revolution Under Lenin and Trotsky.docx
Russian Revolution Under Lenin and Trotsky.docxRussian Revolution Under Lenin and Trotsky.docx
Russian Revolution Under Lenin and Trotsky.docx
write4
 
Review the papers below and watch The Untold Story.docx
Review the papers below and watch The Untold Story.docxReview the papers below and watch The Untold Story.docx
Review the papers below and watch The Untold Story.docx
write4
 
Samantha Chanel De Vera Posted Date May.docx
Samantha Chanel De Vera Posted Date May.docxSamantha Chanel De Vera Posted Date May.docx
Samantha Chanel De Vera Posted Date May.docx
write4
 
Saudi Arabia.docx
Saudi Arabia.docxSaudi Arabia.docx
Saudi Arabia.docx
write4
 
Right to Privacy.docx
Right to Privacy.docxRight to Privacy.docx
Right to Privacy.docx
write4
 
Richard Rodriguez has generally been criticized by immigrant Identify.docx
Richard Rodriguez has generally been criticized by immigrant Identify.docxRichard Rodriguez has generally been criticized by immigrant Identify.docx
Richard Rodriguez has generally been criticized by immigrant Identify.docx
write4
 
Review the following Leadership in Healthcare Management Leadership.docx
Review the following Leadership in Healthcare Management Leadership.docxReview the following Leadership in Healthcare Management Leadership.docx
Review the following Leadership in Healthcare Management Leadership.docx
write4
 
Revisit the work you did with Six Steps to.docx
Revisit the work you did with Six Steps to.docxRevisit the work you did with Six Steps to.docx
Revisit the work you did with Six Steps to.docx
write4
 
Review the or regulatory issues of.docx
Review the or regulatory issues of.docxReview the or regulatory issues of.docx
Review the or regulatory issues of.docx
write4
 
Ritchie presents several conversational excerpts from his study of.docx
Ritchie presents several conversational excerpts from his study of.docxRitchie presents several conversational excerpts from his study of.docx
Ritchie presents several conversational excerpts from his study of.docx
write4
 
Rivera is a patient with COPD who.docx
Rivera is a patient with COPD who.docxRivera is a patient with COPD who.docx
Rivera is a patient with COPD who.docx
write4
 
River Valley Civilizations.docx
River Valley Civilizations.docxRiver Valley Civilizations.docx
River Valley Civilizations.docx
write4
 
Ryan is a 12 year old diagnosed with Oppositional Defiant.docx
Ryan is a 12 year old diagnosed with Oppositional Defiant.docxRyan is a 12 year old diagnosed with Oppositional Defiant.docx
Ryan is a 12 year old diagnosed with Oppositional Defiant.docx
write4
 
Rhetorical analysis writing.docx
Rhetorical analysis writing.docxRhetorical analysis writing.docx
Rhetorical analysis writing.docx
write4
 

More from write4 (20)

Rocking Horse.docx
Rocking Horse.docxRocking Horse.docx
Rocking Horse.docx
 
Rodrigo El Cid Rodrigo after a to.docx
Rodrigo El Cid Rodrigo after a to.docxRodrigo El Cid Rodrigo after a to.docx
Rodrigo El Cid Rodrigo after a to.docx
 
Role in Decision Making What is should be.docx
Role in Decision Making What is should be.docxRole in Decision Making What is should be.docx
Role in Decision Making What is should be.docx
 
Samantha Chanel De Vera Posted Date Apr.docx
Samantha Chanel De Vera Posted Date Apr.docxSamantha Chanel De Vera Posted Date Apr.docx
Samantha Chanel De Vera Posted Date Apr.docx
 
Ruth milikan chapters 5 and 6 in her book varieties.docx
Ruth milikan chapters 5 and 6 in her book varieties.docxRuth milikan chapters 5 and 6 in her book varieties.docx
Ruth milikan chapters 5 and 6 in her book varieties.docx
 
Samantha Chanel De Vera Posted Date Mar.docx
Samantha Chanel De Vera Posted Date Mar.docxSamantha Chanel De Vera Posted Date Mar.docx
Samantha Chanel De Vera Posted Date Mar.docx
 
Russian Revolution Under Lenin and Trotsky.docx
Russian Revolution Under Lenin and Trotsky.docxRussian Revolution Under Lenin and Trotsky.docx
Russian Revolution Under Lenin and Trotsky.docx
 
Review the papers below and watch The Untold Story.docx
Review the papers below and watch The Untold Story.docxReview the papers below and watch The Untold Story.docx
Review the papers below and watch The Untold Story.docx
 
Samantha Chanel De Vera Posted Date May.docx
Samantha Chanel De Vera Posted Date May.docxSamantha Chanel De Vera Posted Date May.docx
Samantha Chanel De Vera Posted Date May.docx
 
Saudi Arabia.docx
Saudi Arabia.docxSaudi Arabia.docx
Saudi Arabia.docx
 
Right to Privacy.docx
Right to Privacy.docxRight to Privacy.docx
Right to Privacy.docx
 
Richard Rodriguez has generally been criticized by immigrant Identify.docx
Richard Rodriguez has generally been criticized by immigrant Identify.docxRichard Rodriguez has generally been criticized by immigrant Identify.docx
Richard Rodriguez has generally been criticized by immigrant Identify.docx
 
Review the following Leadership in Healthcare Management Leadership.docx
Review the following Leadership in Healthcare Management Leadership.docxReview the following Leadership in Healthcare Management Leadership.docx
Review the following Leadership in Healthcare Management Leadership.docx
 
Revisit the work you did with Six Steps to.docx
Revisit the work you did with Six Steps to.docxRevisit the work you did with Six Steps to.docx
Revisit the work you did with Six Steps to.docx
 
Review the or regulatory issues of.docx
Review the or regulatory issues of.docxReview the or regulatory issues of.docx
Review the or regulatory issues of.docx
 
Ritchie presents several conversational excerpts from his study of.docx
Ritchie presents several conversational excerpts from his study of.docxRitchie presents several conversational excerpts from his study of.docx
Ritchie presents several conversational excerpts from his study of.docx
 
Rivera is a patient with COPD who.docx
Rivera is a patient with COPD who.docxRivera is a patient with COPD who.docx
Rivera is a patient with COPD who.docx
 
River Valley Civilizations.docx
River Valley Civilizations.docxRiver Valley Civilizations.docx
River Valley Civilizations.docx
 
Ryan is a 12 year old diagnosed with Oppositional Defiant.docx
Ryan is a 12 year old diagnosed with Oppositional Defiant.docxRyan is a 12 year old diagnosed with Oppositional Defiant.docx
Ryan is a 12 year old diagnosed with Oppositional Defiant.docx
 
Rhetorical analysis writing.docx
Rhetorical analysis writing.docxRhetorical analysis writing.docx
Rhetorical analysis writing.docx
 

Recently uploaded

Unit 8 - Information and Communication Technology (Paper I).pdf
Unit 8 - Information and Communication Technology (Paper I).pdfUnit 8 - Information and Communication Technology (Paper I).pdf
Unit 8 - Information and Communication Technology (Paper I).pdf
Thiyagu K
 
How to Create Map Views in the Odoo 17 ERP
How to Create Map Views in the Odoo 17 ERPHow to Create Map Views in the Odoo 17 ERP
How to Create Map Views in the Odoo 17 ERP
Celine George
 
Embracing GenAI - A Strategic Imperative
Embracing GenAI - A Strategic ImperativeEmbracing GenAI - A Strategic Imperative
Embracing GenAI - A Strategic Imperative
Peter Windle
 
Palestine last event orientationfvgnh .pptx
Palestine last event orientationfvgnh .pptxPalestine last event orientationfvgnh .pptx
Palestine last event orientationfvgnh .pptx
RaedMohamed3
 
plant breeding methods in asexually or clonally propagated crops
plant breeding methods in asexually or clonally propagated cropsplant breeding methods in asexually or clonally propagated crops
plant breeding methods in asexually or clonally propagated crops
parmarsneha2
 
Sha'Carri Richardson Presentation 202345
Sha'Carri Richardson Presentation 202345Sha'Carri Richardson Presentation 202345
Sha'Carri Richardson Presentation 202345
beazzy04
 
The geography of Taylor Swift - some ideas
The geography of Taylor Swift - some ideasThe geography of Taylor Swift - some ideas
The geography of Taylor Swift - some ideas
GeoBlogs
 
How to Break the cycle of negative Thoughts
How to Break the cycle of negative ThoughtsHow to Break the cycle of negative Thoughts
How to Break the cycle of negative Thoughts
Col Mukteshwar Prasad
 
50 ĐỀ LUYỆN THI IOE LỚP 9 - NĂM HỌC 2022-2023 (CÓ LINK HÌNH, FILE AUDIO VÀ ĐÁ...
50 ĐỀ LUYỆN THI IOE LỚP 9 - NĂM HỌC 2022-2023 (CÓ LINK HÌNH, FILE AUDIO VÀ ĐÁ...50 ĐỀ LUYỆN THI IOE LỚP 9 - NĂM HỌC 2022-2023 (CÓ LINK HÌNH, FILE AUDIO VÀ ĐÁ...
50 ĐỀ LUYỆN THI IOE LỚP 9 - NĂM HỌC 2022-2023 (CÓ LINK HÌNH, FILE AUDIO VÀ ĐÁ...
Nguyen Thanh Tu Collection
 
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxStudents, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
EduSkills OECD
 
Solid waste management & Types of Basic civil Engineering notes by DJ Sir.pptx
Solid waste management & Types of Basic civil Engineering notes by DJ Sir.pptxSolid waste management & Types of Basic civil Engineering notes by DJ Sir.pptx
Solid waste management & Types of Basic civil Engineering notes by DJ Sir.pptx
Denish Jangid
 
B.ed spl. HI pdusu exam paper-2023-24.pdf
B.ed spl. HI pdusu exam paper-2023-24.pdfB.ed spl. HI pdusu exam paper-2023-24.pdf
B.ed spl. HI pdusu exam paper-2023-24.pdf
Special education needs
 
Additional Benefits for Employee Website.pdf
Additional Benefits for Employee Website.pdfAdditional Benefits for Employee Website.pdf
Additional Benefits for Employee Website.pdf
joachimlavalley1
 
Introduction to Quality Improvement Essentials
Introduction to Quality Improvement EssentialsIntroduction to Quality Improvement Essentials
Introduction to Quality Improvement Essentials
Excellence Foundation for South Sudan
 
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXXPhrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
MIRIAMSALINAS13
 
UNIT – IV_PCI Complaints: Complaints and evaluation of complaints, Handling o...
UNIT – IV_PCI Complaints: Complaints and evaluation of complaints, Handling o...UNIT – IV_PCI Complaints: Complaints and evaluation of complaints, Handling o...
UNIT – IV_PCI Complaints: Complaints and evaluation of complaints, Handling o...
Sayali Powar
 
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
EugeneSaldivar
 
Template Jadual Bertugas Kelas (Boleh Edit)
Template Jadual Bertugas Kelas (Boleh Edit)Template Jadual Bertugas Kelas (Boleh Edit)
Template Jadual Bertugas Kelas (Boleh Edit)
rosedainty
 
Basic Civil Engineering Notes of Chapter-6, Topic- Ecosystem, Biodiversity G...
Basic Civil Engineering Notes of Chapter-6,  Topic- Ecosystem, Biodiversity G...Basic Civil Engineering Notes of Chapter-6,  Topic- Ecosystem, Biodiversity G...
Basic Civil Engineering Notes of Chapter-6, Topic- Ecosystem, Biodiversity G...
Denish Jangid
 
Digital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and ResearchDigital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and Research
Vikramjit Singh
 

Recently uploaded (20)

Unit 8 - Information and Communication Technology (Paper I).pdf
Unit 8 - Information and Communication Technology (Paper I).pdfUnit 8 - Information and Communication Technology (Paper I).pdf
Unit 8 - Information and Communication Technology (Paper I).pdf
 
How to Create Map Views in the Odoo 17 ERP
How to Create Map Views in the Odoo 17 ERPHow to Create Map Views in the Odoo 17 ERP
How to Create Map Views in the Odoo 17 ERP
 
Embracing GenAI - A Strategic Imperative
Embracing GenAI - A Strategic ImperativeEmbracing GenAI - A Strategic Imperative
Embracing GenAI - A Strategic Imperative
 
Palestine last event orientationfvgnh .pptx
Palestine last event orientationfvgnh .pptxPalestine last event orientationfvgnh .pptx
Palestine last event orientationfvgnh .pptx
 
plant breeding methods in asexually or clonally propagated crops
plant breeding methods in asexually or clonally propagated cropsplant breeding methods in asexually or clonally propagated crops
plant breeding methods in asexually or clonally propagated crops
 
Sha'Carri Richardson Presentation 202345
Sha'Carri Richardson Presentation 202345Sha'Carri Richardson Presentation 202345
Sha'Carri Richardson Presentation 202345
 
The geography of Taylor Swift - some ideas
The geography of Taylor Swift - some ideasThe geography of Taylor Swift - some ideas
The geography of Taylor Swift - some ideas
 
How to Break the cycle of negative Thoughts
How to Break the cycle of negative ThoughtsHow to Break the cycle of negative Thoughts
How to Break the cycle of negative Thoughts
 
50 ĐỀ LUYỆN THI IOE LỚP 9 - NĂM HỌC 2022-2023 (CÓ LINK HÌNH, FILE AUDIO VÀ ĐÁ...
50 ĐỀ LUYỆN THI IOE LỚP 9 - NĂM HỌC 2022-2023 (CÓ LINK HÌNH, FILE AUDIO VÀ ĐÁ...50 ĐỀ LUYỆN THI IOE LỚP 9 - NĂM HỌC 2022-2023 (CÓ LINK HÌNH, FILE AUDIO VÀ ĐÁ...
50 ĐỀ LUYỆN THI IOE LỚP 9 - NĂM HỌC 2022-2023 (CÓ LINK HÌNH, FILE AUDIO VÀ ĐÁ...
 
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxStudents, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
 
Solid waste management & Types of Basic civil Engineering notes by DJ Sir.pptx
Solid waste management & Types of Basic civil Engineering notes by DJ Sir.pptxSolid waste management & Types of Basic civil Engineering notes by DJ Sir.pptx
Solid waste management & Types of Basic civil Engineering notes by DJ Sir.pptx
 
B.ed spl. HI pdusu exam paper-2023-24.pdf
B.ed spl. HI pdusu exam paper-2023-24.pdfB.ed spl. HI pdusu exam paper-2023-24.pdf
B.ed spl. HI pdusu exam paper-2023-24.pdf
 
Additional Benefits for Employee Website.pdf
Additional Benefits for Employee Website.pdfAdditional Benefits for Employee Website.pdf
Additional Benefits for Employee Website.pdf
 
Introduction to Quality Improvement Essentials
Introduction to Quality Improvement EssentialsIntroduction to Quality Improvement Essentials
Introduction to Quality Improvement Essentials
 
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXXPhrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
Phrasal Verbs.XXXXXXXXXXXXXXXXXXXXXXXXXX
 
UNIT – IV_PCI Complaints: Complaints and evaluation of complaints, Handling o...
UNIT – IV_PCI Complaints: Complaints and evaluation of complaints, Handling o...UNIT – IV_PCI Complaints: Complaints and evaluation of complaints, Handling o...
UNIT – IV_PCI Complaints: Complaints and evaluation of complaints, Handling o...
 
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
 
Template Jadual Bertugas Kelas (Boleh Edit)
Template Jadual Bertugas Kelas (Boleh Edit)Template Jadual Bertugas Kelas (Boleh Edit)
Template Jadual Bertugas Kelas (Boleh Edit)
 
Basic Civil Engineering Notes of Chapter-6, Topic- Ecosystem, Biodiversity G...
Basic Civil Engineering Notes of Chapter-6,  Topic- Ecosystem, Biodiversity G...Basic Civil Engineering Notes of Chapter-6,  Topic- Ecosystem, Biodiversity G...
Basic Civil Engineering Notes of Chapter-6, Topic- Ecosystem, Biodiversity G...
 
Digital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and ResearchDigital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and Research
 

Robert Boyhood Home is for Sale The.docx

  • 1. Gen. Robert E. Lee’s Boyhood Home is for Sale The Gen. Robert E. Lee’s Boyhood Home is for SaleThe historic Virginia home that Confederate Gen. Robert E. Lee grew up in hit the market in April 2018 for $8.5 million. (Trapasso, C.)Robert E. Lee’s father Henry rented the home in 1812, according to The Washington Post. The family lived there for over 80 years, including Robert E. Lee from age five to when he went to West Point in 1825. He again visited five years after the Civil War ended, The Post reported. (Leayman, E.)The home’s other claim to fame is that President George Washington also dined and lodged there before the Lee family moved in. (Trapasso, C.)Built in 1795, the brick house was listed on the National Register of Historic Places in 1986. (Trapasso, C.)The home had been used as a residence until 1966. The Stonewall Jackson Memorial Foundation purchased the home and opened it to the public. Unable to make ends meet, the foundation sold the home in 2000 to Mark and Ann Kington for $2.5 million. (Trapasso, C.)The childhood home of Robert E. Lee that was listed in 2018 for $8.5 million dollars, was sold in 2020. Public records show it sold for almost half the original asking price at $4.7 million. (Alexandria Living Magazine.)In your initial response to the topic please answer the following questions:Calculate the annual compound growth rate of the house price from the time the house was sold to Mark and Ann Kington in 2000, until the house was sold at the reduced price in 2020, using the reduced price as the ending value. (Round the number of years to the whole number). Please show your work.Assume that the growth rate you calculated in question #1 prevailed since Robert E. Lee’s father Henry rented the home in 1812. Calculate the price of the house in 1812. (Round the number of years to the whole number). Please show your work.You were using the time value of money concept to answer question #2. Think about the timeline for that problem. What is the time point 0 in that problem? Please explain your answer.Assume the growth rate that you calculated in #1 prevailed since 1795. Calculate the price of the house in 1795. Please show your work.Assume that the growth rate you calculated in question #1 remains the same until the Stonewall Jackson Memorial Foundation purchased the home in 1966 and opened it to the public. Calculate the price of the house in 1966. (Round the number of years to the whole number). (TIP: To get the answer correctly you need to use the price of the house in your calculations in dollars with all zeros). Please show your work. In 2018, the listed price of the house was $8.5 million. If the house would have sold for the original asking price, calculate the annual compound growth rate of the house price from the time the house was sold to Mark and Ann Kington in 2000, until the house was listed in 2018. (The rate should be calculated to two decimals. Round the number of years to
  • 2. the whole number). Please show your work.How much did the growth rate change and why?Reflection – the students also should include a paragraph in the initial response in their own words reflecting on specifically what they learned from the assignment and how they think they could apply what they learned in the workplace or in everyday life. This discussion is “must post first” so you won’t be able to see any other threads until you submit your initial post. Do not edit your original post, but feel free to make corrections to your original answers by replying to your own thread with updates as you learn more about time value of money calculations.You are expected to make your own contribution in a main topic as well as respond with value added comments to at least two of your classmates as well as to your instructor. *****************************************************************************Ref erencesAlexandria Living (2020, July 24). After Two Years on the Market, Robert E. Lee’s Boyhood Home Sells for $4.7 Million, from https://alexandrialivingmagazine.com/home- and-garden/after-two-years-on-the-market-robert-e-lee%E2%80%99s-boyhood-home- se/Zap, Claudine (2019, October 4). Price of General Robert E. Lee’s boyhood home slashed to $5.6 million, from https://www.foxnews.com/real-estate/general-robert-e-lees-home-5- 6-millionTrapasso, C. (2018, April 3). Own Some Civil War-Era History: Gen. Robert E. Lee’s Boyhood Home is for Sale, from https://www.realtor.com/news/unique-homes/general- robert-e-lees-boyhood-home-sale/Leayman, E. (2019, March 26). Robert E. Lee Boyhood Home Listed for Reduced Price. Retrieved April 2, 2019, from https://patch.com/virginia/oldtownalexandria/robert-e-lee-boyhood-homes-listed- reduced-price