Question: C O https:/inewconnect. ucation.com/flow/connect.html Homework 16 Help Save & Exit Submit Check my work 3 Suppose that the value of an investment in the stock

C O https:/inewconnect. ucation.com/flow/connect.html Homework 16 Help Save & Exit Submit Check my work 3 Suppose that the value of an investment in the stock market has increased at an average compound rate of about 5% since 1912. It is now 2016. 10 points a. If someone invested $1,000 in 1912, how much would that investment be worth today? (Do not round intermediate calculations. Round your answer to 2 declmal places.) eBook Print b. If an investment from 1912 has grown to $1 million, how much was invested in 1912? (Do not round intermediate calculations. Round your answer to 2 decimal places.) References Present value Prev 3 ofNext >

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