Suppose that the value of an investment in the stock market has increased at an average compound rate of about 5% since 1904. It is now 2016 a. If someone invested $1,000 in the stock market in 1904,...

Suppose that the value of an investment in the stock market has increased at an average compound rate of about 5% since 1904. It is now 2016

a. If someone invested $1,000 in the stock market in 1904, how much would that investment be worth today? (Do not round intermediate Calculations)