Question: L Use Monte Carlo Simulation techniques to calculate the mean balance, and 25 percentile (75% confidence), and 5 percentile (95% confidence) balances for the following

Use Monte Carlo Simulation techniques to calculate the mean balance, and 25 percentile (75% confidence), and 5 percentile (95% confidence) balances for the following retirement contributions into a stock protfolio.The plan is to consturct a portfolio for retirement 30 years from now. The first deposit in the amount of $50,000 is made now followed by $10,000 next year. All the subsequent future deposit amounts will increase by 3% to keep up with the inflation. The annual expected return of the portfolio is 10% and the standard deviation of the returns is 12%. Generate the simulation over 3000 iterations

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