Suppose that you are planning to invest 10,000 in a retirement fund at the beginning of each year. You will continue this investment for 30 years. The rate of return each year can be modeled as a normally distributed random variable with a mean of 3 percent and a standard deviation of 1 percent. The probability that you will have more than 500,000 in your retirement fund after 30 years is?

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ANS WER 0 57 WORK ING X N 3 1 P X 500 000 0 57 EX PL AN A... View the full answer