Our Services

Get 15% Discount on your First Order

Gen. Robert E. Lee’s Boyhood Home is for Sale The

January 22, 2022

Gen. Robert E. Lee’s Boyhood Home is for Sale

The 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.

*****************************************************************************

References

Alexandria 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-million

Trapasso, 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

Share This Post

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

Impacts of short-term and long-term trends from the general environment

Impacts of short-term and long-term trends from the general environment can be impactful and challenging to a company. In this case, Starbucks has faced and is facing these trends right now in the form of the the global pandemic as the short-term trend that threatens to turn into a

Blood administration – Premium Paper Help

Premium Paper Help is a professional writing service that provides original papers. Our products include academic papers of varying complexity and other personalized services, along with research materials for assistance purposes only. All the materials from our website should be used with proper references.

Question 1: Question 1. Expats can face both health and

Question 1: Question 1. Expats can face both health and security issues when overseas. Identify and discuss 3 major issues that might impact the safety of expatriates living abroad in Turkey. As a Global HR manager, what are the three main steps that you would take to ensure the

Your assignment this week is to continue to think about your social entrepreneurship final project and share your idea(s) with your peers. Please post a

Your assignment this week is to continue to think about your social entrepreneurship final project and share your idea(s) with your peers. Please post a brief 1-2 paragraph description of your final project idea below

Imagine you have been asked to create a transition plan

Imagine you have been asked to create a transition plan for an individual transitioning out of an institutional correctional facility and back into society. You will be presenting your transition plan to your supervisor in a detailed report that includes research as a rationale for your plan. Review the Case of Robert– Robert

Identify a curriculum unit or module that you think is

Identify a curriculum unit or module that you think is an excellent example of its type. Choose one that’s appropriate for your program track, K–12 or adult education. If you’re not sure where to start, you can find links to many materials at all levels by searching MERLOT. In addition,

CSUN Understaffing in Nursing Practice Case Study Nursing Assignment Help

After you view the case study,(I will post the video below) reflect upon what you have learned and how it is related to the learning materials. Compare the case study to your nursing practice and give a similar example from your experience in which you might have run into staffing

Find at least two articles (one journal article and one

Find at least two articles (one journal article and one white paper) that talk about storytelling, especially within the context of analytics (i.e., data-driven storytelling). Read and critically analyze the article – reflect on your understanding and opinions about the importance of storytelling in BI and business analytics. Share a

Describe the policy and its impact on the market. Is

Describe the policy and its impact on the market. Is it successful at limiting competition? How? What are the economic forces that caused the government to put this policy in place? Note: I don’t want to hear anything about the anti-trust laws, the Sherman Act, the Clayton Act or the

This assignment is related to the course material on States

This assignment is related to the course material on States of Consciousness. You should review the textbook and lectures on this topic before beginning this assignment. You need to submit an original post and then comment on two of your peers’ posts in order to earn credit for this assignment.

Tech Outsourcing: A Trend that Harms the Working Class and Facilitates

This research paper will briefly discuss how technology is changing outsourcing, which increases the losing high-tech jobs that used to go to American workers, discuss the relationship between outsourcing and economic inequality in the U.S., and try to draw connection of technology outsourcing to the diminishing middle class even though

Welcome to the discussion. In this course you will be

Welcome to the discussion. In this course you will be introduced to a topic in the discussion. The first week of the module you will write about your initial thoughts after reviewing the resources. The initial post should be at least 300 words Directions: Discuss where you see your

You will find the following film available on YouTube: Africans

You will find the following film available on YouTube: Africans in America – America’s Journey Through Slavery, part 1. It is about 1 hour and 22 minutes long. Watch the film and turn in a written summary that includes the following: a. List 10 important key ideas that you think HIST

Movie review: San Andreas

Minimum 5 pages of text (double-spaced, 1” margins, 12 pt font). Adding a few figures is fine, but they don’t count toward 5 page text requirement. Due dates will be firm! Late penalty: 2.5 points per day Papers should briefly summarize the plot of the film, and focus on elements

Instructions To complete this assignment, you will need the attached

Instructions To complete this assignment, you will need the attached files and the the Small Merchant Guide to Safe Payments documentation (click link to download) from the Payment Card Industry Data Security Standards (PCI DSS) organization. Please read the instructions carefully and ask questions if anything is unclear. You must use

On Page 7 in the Student Workbook_Religious_Racial_SW.pdf, answer questions 1

On Page 7 in the Student Workbook_Religious_Racial_SW.pdf, answer questions 1 through 5 about the reading, Religious Discrimination and Racial Harassment: Whatever Happened to MarShawn DeMur? You should answer the questions for the case study in an MS Word Document in APA format and include a cover page and a reference page

You will create a project plan using MS Project Professional

You will create a project plan using MS Project Professional that integrates several aspects of project management, including: Project scope management Project schedule management Project cost management Project human resource management You are free to develop any information technology project for the final. Note that an information technology project is

The case is: Enron Case! Please check the instructions in the uploaded file below and make sure to use Harvard style. 1 ACC3155 FINANCIAL

The case is: Enron Case! Please check the instructions in the uploaded file below and make sure to use Harvard style. 1 ACC3155 FINANCIAL STATEMENT ANALYSIS AND VALUATION ACADEMIC YEAR 2023-2024 Detailed requirements and marking criteria for Group Assignment You are required to work in a group of 2-3 members