Investments in the stock market have increased at an average compound rate of about 5% since 1904. It is now 2013.

a.	If you invested $1,000 in the stock market in 1904, how much would that investment be worth today? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Investment

$

b.	If your investment in 1904 has grown to $1 million, how much did you invest in 1904? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Present value

$