White house value and the 8th wonder
White House latest valuation is about USD 263.453 million.In 1792, it was constructed at a cost of USD 232,371.
Einstein said that compound interest is the 8th wonder of the world. White house valuation has grown by a compounded annual rate of about 3.26% for a period of 219 years. In between these 219 years, its valuation has gone through ups and downs, but in the long term, its value has grown tremendously due to growth of US economy.
Entry filed under: Investing.