New Orleans House

Math Project by Bridget Houston

Summary: A house located in New Orleans, Louisiana. It has five beds and three and a half baths. It has a total square footage of 4,316. Truly magnificent Victorian built in 2nd Empire Style-stunning architectural details, Gorgeous medallions, arches and mantels. Meticulously renovated in 2011, gleaming wood floors, high ceilings, 2nd floor balcony overlooking majestic live oak trees on Esplanade Ave, Large and beautiful lush courtyard w/wood deck, large eat in kitchen overlooking courtyard and two car parking.

Initial Amount: 2,375,000

Appreciation (Growth): 1.0841

Growth: Decimal - 1.0841 Percentage - 841%

Growth Factor: 1 + 1.0841

How Long I Would Keep It For: Thirty years

Exponential Equation: y = 2,375,000 • 1.0841^x

Worth in Thirty Years: $26,701,894

Resources: http://www.neighborhoodscout.com/la/new-orleans/rates/

http://www.realtor.com/realestateandhomes-detail/634-Esplanade-Ave_New-Orleans_LA_70116_M83855-53555?row=9

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