Question

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

Answer 1

100000