Suppose that the value of an investment in the stock market has increased at an average compound rate of about 5% since 1905. It is now 2016 a. If someone invested $1000 in 1905, how much would that investment be worth today? (Do not round intermediate calculations.
Round your answer to 2 decimal places) b. If investment from 1905 has grown to $1 million, how much was invested in 1905? (Do not round intermediate calculations. Round your answer to 2 decimal places. Get Finance homework help today