Question: Create a Monte Carlo simulation to evaluate your career options. You must evaluate at least two career options. (I encourage you to consider options that

  1. Create a Monte Carlo simulation to evaluate your career options.
    1. You must evaluate at least two career options. (I encourage you to consider options that might not be traditionally associated with your race, gender, or background.)
    2. In Excel, project your salary over your career (usually 30 or more years) for each option. Have your salary increase each year at an uncertain rate, using RANDBETWEEN.
    3. Calculate the NPV at 7% of each option.
    4. Highlight the best career option, i.e., the one with the highest expected value.
    5. Explain in 2-3 sentences why it's the best choice based on your analysis. Cite your data sources.
    6. Submit an Excel spreadsheet.

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