Suppose that the value of an investment in the stock market has increased at an average compound rate of about 5% since 1900. It is now 2019. (LO5-1) a. If your great-grandfather invested $1,000 in 1900, how much would that investment be worth today? b. If an investment in 1900 has grown to $1 million, how much was invested in 1900?

David paid $975,000 for two beachfront lots in coastal south carolina, with the intention of building residential homes on each. two years later, the south carolina legislature passed the beachfront management act, barring any further development of the coast, including david's lots. when david files a complaint to seek compensation for his property, south carolina refuses, pointing to a passage in david's own complaint that states "the beachfront management act [was] properly and validly designed to south carolina's " is south carolina required to compensate david under the takings clause?