Use Worksheet 11.2 to help Destiny and Robert Payne, a married couple in their late 40s, evaluate their securities portfolio, which includes these holdings.

a. IBM. (NYSE; symbol IBM): 100 shares bought in 2011 for $170.40 per share.

b. Verizon (NYSE; symbol VZ): 250 shares purchased in 2007 for $40.62 per share.

c. Procter & Gamble (NYSE; symbol PG): 150 shares purchased in 2010 at $61.85 per share.

d. Google, which is now Alphabet (Nasdaq symbol, GOOG): 200 shares purchased in 2014 at $519.98 per share.

e. The Paynes also have $8,000 in a bank savings account that pays 1.25 percent annual interest.

What’s the total amount the Paynes have invested in these securities, the annual income they now receive, and the latest market value of their investments Total amount invested is $148,469. Annual income, $1,324, and latest (January 22, 2020) market value $354,662.