Assume the returns from holding an asset are normally distributed. Also assume the average annual return for holding the asset a period of time was 16.6 percent and the standard deviation of this asset for the period was 34.3 percent. Use the NORMDIST function in Excel to answer the following questions.

• What is the approximate probability that your money will double in value in a single year? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 3 decimal places, e.g., 32.161.
• What is the approximate probability that your money will triple in value in a single year? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 8 decimal places, e.g., 32.16161616.