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2024-12-14 01:13:32

Step 1: Review the formula of compound interest final value.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.\begin{align*}


Step 1: Review the formula of compound interest final value.Step 2: Substitute data for calculation.Substituting r = 0.01 and n = 240 into the above formula, we can get:


Substituting r = 0.01 and n = 240 into the above formula, we can get:\end{align*}

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