In 1803 the U.S. negotiated the Louisiana purchase with france. (Rest below)

Question

The country doubled its territory by adding 827,000 square miles of land for $15 million. if the land appreciated at the rate of 6% each year, what would one square mile of land be worth in 2005? Nearest dollar

Answer 1

(15,000/827)(1.06)²⁰² = your answer