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I'd like an alternate solution for problem #1 of datafinal17copy.doc

utilizing excel, or similar

spreadsheet.

I'm not obtaining the same answer responses as the posted solution, and this may be because the posted solution does not take into account the random generated numbers for income and expenses.


Can an alternate simulation solution be proposed for the next 12 months using excel, with incorporation of the random numbers for income and expenses as indicated in the problem? Also, please include excel worksheet or cutouts.

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