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 16.2 percent and the standard deviation of this asset for the period was 34.7 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.