Niles Is Making an Investment with an Expected Return of 12

question 82

Multiple Choice

Niles is making an investment with an expected return of 12 percent. If the standard deviation of the return is 4.5 percent, and if Niles is investing $100,000, then what dollar amount is Niles 90 percent sure that he will have at the end of the year? (Do not round intermediate computations) .

• A) $100,000.00
• B) $104,597.50
• C) $116,500.00
• D) $119,402.50

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