Milena's portfolio: Start date: January 1, 2023 Fixed investment: $8,000 in a savings account with a fixed annual interest rate of 3% over one year Variable investment: 100 shares of Stock A, purchased at $50 per share, now valued at $55 per share after one year On January 1, 2024, what is the current value of Milena's portfolio?
After one year, the savings account is worth $8,000 × 1.03 = $8,240. The 100 shares are worth 100 × $55 = $5,500. Adding these values gives $8,240 + $5,500 = $13,740, so the portfolio’s current value is $13,740.
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