If you invested 1000 in the stock market in 1903 how much, Financial Management

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If you invested 1000 in the stock market in 1903 how much

Investments in the stock market have increased at an average compound rate of about 5% since 1903. It is now 2013.

a. If you invested $1,000 in the stock market in 1903, 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 1903 has grown to $1 million, how much did you invest in 1903? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Present value $

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Financial Management: If you invested 1000 in the stock market in 1903 how much

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