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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
- 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 might not be traditionally associated with your race, gender, or background.)
- 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.
- Calculate the NPV at 7% of each option.
- Highlight the best career option, i.e., the one with the highest expected value.
- Explain in 2-3 sentences why it's the best choice based on your analysis. Cite your data sources.
- Submit an Excel spreadsheet.
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