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Suppose that the value of an investment in the stock market has increased at an average compound rate of about 5% since 1920. It is

Suppose that the value of an investment in the stock market has increased at an average compound rate of about 5% since 1920. It is now 2020.

Note: For all requirements, do not round intermediate calculations. Round your answer to 2 decimal places.

If your great-grandfather invested $1,000 in 1920, how much would that investment be worth today?

Investment:

If an investment in 1920 has grown to $1 million, how much was invested in 1920?

Present Value:

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