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Mr. Little is making an investment with an expected return of 15 per cent. If the standard deviation of the return is 5.6 per cent,
Mr. Little is making an investment with an expected return of 15 per cent. If the standard deviation of the return is 5.6 per cent, and if Mr. Little is investing $150.000, then what dollar amount is he 95 per cent confident that he will have at the end of five years? (Round to the closest answer)
a). $189,355
b). $114,750
c). $116,505
d). $198,735
e). $167,867
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