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Investments in the stock market have increased at an average compound rate of about 5% since 1911. It is now 2013. a. If you invested
Investments in the stock market have increased at an average compound rate of about 5% since 1911. It is now 2013. a. If you invested $1,000 in the stock market in 1911, 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 1911 has grown to $1 million, how much did you invest in 1911? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value $ ___________
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