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Marc is 25 years old. He has a new job and intends to save $10,000 today and in each of the next 34 years (35

Marc is 25 years old. He has a new job and intends to save $10,000 today and in each of the next 34 years (35 deposits altogether). He has decided on an investment policy in which he invests 30% of his assets in a risk-free bond with 3% continuously compounded annual interest and the remainder in the market portfolio that has lognormal returns = 12% and = 35%: (a) Simulate Marc's accumulation by the time he is 60. (b) Marc would like to have at least $2 million by the time he hits 60. Run 100 simulations using data table on blank cell to determine the approximate probability of achieving this goal. Compute the mean and standard deviation of the terminal wealth.

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