Mike is $25$ years old. He has a new job and intends to save $$10,000$ today and in each of the

next $39$ years $(40$ deposits altogether$).$ He has decided on an investment policy in which he

invests $30\%$ of his assets in a risk$-$free bond with $4\%$ annual interest and the remainder in the

market portfolio that follows a normal distribution of an average returns $\backslash$mu $=12\%$ and $\backslash$sigma $=$

$32\%.$ Write a spreadsheet showing Mike$$s accumulation by the time he is $65.$

Mike decides that he needs at least $$2\mathrm{.}5$ million by the time he hits $65.$

$1.$ Run $500$ simulations in order to determine the approximate probability of achieving this

goal.

$2.$ Compute the average and standard deviation of the terminal wealth.

$3.$ Create a Data Table to determine the relation between the proportion invested in the risky

assets and the probability of achieving the $$2\mathrm{.}5$ million at age $65.$ Set the proportions in the

risky assets to $0\%,10\%,...,100\%.-$ Please Provide Picture Of Excel File