Based on the initial investment of $25,000, the current value of your portfolio should be $21,434.34.
What would your current portfolio be valued at?
This can be found with the future value formula as:
= Current value x ( 1 + rate) ^ number of years
As the rate was reducing, it will be a negative figure:
= 25,000 x ( 1 - 5%)³
= 25,000 x 0.857375
= $21,434.34
Find out more on future value at https://brainly.com/question/25805668.
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