Question

30 POINTS // An investment portfolio is shown below. Investment Amount Invested ROR Savings Account $8,400 3.6% Municipal Bond $3,200 1.8% Preferred Stock $5,625 13.6% Common Stock A $575 −1.2% Using technology, calculate the weighted dollar amount of the savings account. $225.67 $284.90 $302.40 $394.40

Answer 1

284.90 or 285

Explanation:

you would multiply the savings account by the ROR.

savings: $8,400

ROR: 3.4%

8,400 x 3.4% = 285 (which is 284.90 rounded)

Answer 2

$302.40

Explanation: