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For each of the cases (except 401K case) studied in this class, please write a short two-part essay as follows:

Part One:

What did you learn in the case?

Part Two

Give an example of how you can apply what you have learned to a real-life situation

For the 401K case. write a short essay on the importance of probabilities in projecting into the future. Explain clearly what was missing in the case you submitted.