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What dollar amount is per cent sure that he will have

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Question - Jack is making an investment with an expected return of 14 per cent. If the standard deviation of the return is 5 per cent, and if Jack is investing $105,000, then what dollar amount is 95 per cent sure that he will have at the end of the year? (Round to the closest answer)

a. $108,460.20

b. $111,063.75

c. $128,935.20

d. $132,802.30

e. None of the listed answers

Reference no: EM133013201

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