The annual rate of return on an investment each year is an independent and identically distributed random variable with a mean of 6% and a standard deviation of 16%. Calculate the STANDARD DEVIATION of the accumulation at time 15 of an initial investment of 300 units made at time 0. Express your answer to TWO decimal places. Answer: Check

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A: If you have any questions let me know in comment box thankyou for your question.

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