Suppose that the value of an investment in the stock market has increased at an average compound rate of about 5% since 1907. It is now 2019. a. If your great grandfather invested $1,000 in 1907, how much would that investment be worth today? (Do not round intermediate calculations. Round your answer to 2 decimal places.) b. If an investment in 1907 has grown to $1 million, how much was invested in 1907? (Enter your answer in dollars. Do not round intermediate calculations. Round your answer to 2 decimal places.)
