Question: Marcus decides that he needs at least $2 million by the time he hits 60. Run 100 simulations in order to determine the approximate probability
Marcus decides that he needs at least $2 million by the time he hits 60.
Run 100 simulations in order to determine the approximate probability of achieving this goal.
Compute the average and standard deviation of the terminal wealth.
Create a Data Table to determine the relation between the proportion invested in the risky asset and the probability of achieving the minimum at age 60.
Set the proportions in the risky to 0%, 10%, …, 100%.
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