What is the probability he meets his goal

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Question: Ronald McDonald has come to you for advise about his retirement fund. He has all his money invested in mix of stocks and bonds. After some analysis you estimate this portfolio will produce an average geometric return of 7.05% with a standard deviation of returns of 15%. Ronald has $425,000 today and his goal is to have $3,500,000 in 30 years.

What is the probability he meets his goal?

Reference no: EM133377660

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