Question: 1. Without considering the random variability, extend the current worksheet to 20 years. Confirm that by using the constant annual salary growth rate and the

1. Without considering the random variability, extend the current worksheet to 20 years. Confirm that by using the constant annual salary growth rate and the constant annual portfolio growth rate, Tom can expect to have a 20-year portfolio of

$772,722. What would Tom’s annual investment rate have to increase to in order for his portfolio to reach a 20-year, $1,000,000 goal? (Hint: Use Goal Seek.)

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