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Redesign the spreadsheet model to incorporate the random variability of the annual salary growth rate and the annual portfolio growth rate into a simulation model.
Redesign the spreadsheet model to incorporate the random variability of the annual
salary growth rate and the annual portfolio growth rate into a simulation model. As-
sume that Tom is willing to use the annual investment rate that predicted a 20-year,
$1,000,000 portfolio in part 1. Show how to simulate Tom's 20-year financial plan.
Use results from the simulation model to comment on the uncertainty associated with
Tom reaching the 20-year, $1,000,000 goal. I need to formulate the spreadsheet
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