Question: Please use excel analytic solver to help solve step by step rate of return each year can be modeled as a normally distributed random variable

Please use excel analytic solver to help solve step by step

rate of return each year can be modeled as a normally distributed random variable with a mean of 12 percent and a standard deviation of 2 percent. a. If he is 30 years old now, how much money should he expect to have in his retirement fund at age 60 ? b. What is the probability that he will have more than $1 million in his retirement fund when he reaches age 60 ? c. How much should he invest each year if he wants the mean value of his portfolio to be at least $1 million at age 60 ? d. How much should he invest each year if he wants there to be a 90 percent chance of having at least $1 million in his retirement fund at age 60

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