PART B IS INCORRECT SOMEHOW. CAN YOU SHOW WORK TO PROVE THIS OTHERWISE?

The U S stock market has returned an average of about 11 % per year since 1900. This return works out to a real return (ie adjusted for inflation) of approximately 8% per year a. If you invest $68,000 and you earn 8% a year on it, how much real purchasing power will you have in 35 years? b. If you invest $4,000 per year for 17 years, how much real purchasing power will you have at the end of 35 years? The interest rate is 8% per year Click the icon to view the interest and annuity table for discrete compounding when 8% per year. a. The real purchasing power amount in 35 years is $ 1005403 (Round to the nearest dollar.) b. The real purchasing power amount in 35 years is $ 9623. (Round to the nearest dollar.)