Problem 5-3 Compound Interest (LO1) Suppose that the value of an investment in the stock market has increased at an average compound rate of about 5% since 1910. It is now 2016. a. If someone invested $1,000 in 1910, how much would that investment be worth today? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

b. If an investment from 1910 has grown to $1 million, how much was invested in 1910? (Do not round intermediate calculations. Round your answer to 2 decimal places.)