Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.Step 2: Substitute data for calculation.
F&=(1 + 0.01)^{240}\\Step 2: Substitute data for calculation.The following is to calculate the increase of 240 trading days according to the daily increase of 2%, and calculate it through the calculator, 1.02 {240} \ approximate 115.8887.
F&=(1 + 0.01)^{240}\\Step 1: Review the formula of compound interest final value.
Strategy guide 12-14
Strategy guide 12-14
Strategy guide 12-14