Question: 4. RETIREMENT $ PLAN #8 $$ $$ $$ ## a. Using the retirement simulation spreadsheet that we created in class (based on file, Retirement planning

4. RETIREMENT $ PLAN #8 $$ $$ $$ ## a. Using

4. RETIREMENT $ PLAN #8 $$ $$ $$ ## a. Using the retirement simulation spreadsheet that we created in class (based on file, Retirement planning sim template," posted on Canvas), set the savings rate to 12.5% (instead of the 10% default value in the original simulation). Simulate 200 30-year careers. b. What percent of the time will the investment portfolio be worth more than $1,100,000? c. What is the probability that the portfolio will be worth less than $750,000? 4. RETIREMENT $ PLAN #8 $$ $$ $$ ## a. Using the retirement simulation spreadsheet that we created in class (based on file, Retirement planning sim template," posted on Canvas), set the savings rate to 12.5% (instead of the 10% default value in the original simulation). Simulate 200 30-year careers. b. What percent of the time will the investment portfolio be worth more than $1,100,000? c. What is the probability that the portfolio will be worth less than $750,000

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