Question: please help with these problems and pleause use Excel program to work out problems. please show all formulas and calculations. thank you. 8. Suppose you

please help with these problems and pleause use Excel program to work out problems. please show all formulas and calculations. thank you. please help with these problems and pleause use Excel program to work

8. Suppose you have $50,000 in your retirement fund and you'll be saving $15,000 per year at the end of the year for the next 40 years. How much will you have in your fund when you retire if your return is 12% per year. 9. Now reconsider Problem 8. This time assume that the returns have a mean of 12% and a standard deviation of 10%. Use a Monte Carlo simulation to estimate how much you will have in the fund in 40 years

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