Investments in the stock market have increased at an, Ask an Expert

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Investments in the stock market have increased at an average compound rate of about 5% since 1918. It is now 2013.

a. If you invested $1,000 in the stock market in 1918, 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 1918 has grown to $1 million, how much did you invest in 1918? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Present value $

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Financial Management, Finance

Category:- Financial Management
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