(SOLVED) Investments in the stock market have increased at an average


Question Description:

$15

Investments in the stock market have increased at an average compound rate of about 5% per year since 1900.
a. If you invested $ 1,000 in the stock market in 1900, how much would that investment be worth in 2011?
b. If your investment in 1900 has grown to $1 million in 2011, how much did you invest in 1900?

Answer

$15