Question: Problem 5-3 Compound Interest (L01) 1 Suppose that the value of an investment in the stock market has increased at an average compound rate of

Problem 5-3 Compound Interest (L01) 1 Suppose that the value of an investment in the stock market has increased at an average compound rate of about 5% since 1911. It is now 2019 . If your great grandfather invested $1.000 in 1911, how much would that investment be worth today? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) 3 points eBook Investment References b. If an investment in 1911 has grown to $1 million, how much was invested in 1911? (Enter your answer in dollars. Do not round Intermediate calculations. Round your answer to 2 decimal places.) Present value

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