&=1.01^{240}\begin{align*}\begin{align*}
\begin{align*}Step 2: Substitute data for calculation.F&=(1 + 0.01)^{240}\\
Step 2: Substitute data for calculation.Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.1.01 {240} \ approximate 10.8926 is calculated by a calculator.
Strategy guide
12-14
Strategy guide
Strategy guide
12-14
Strategy guide
Strategy guide
12-14