1.01 {240} \ approximate 10.8926 is calculated by a calculator.\begin{align*}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.
1.01 {240} \ approximate 10.8926 is calculated by a calculator.\begin{align*}
F&=(1 + 0.01)^{240}\\Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.Substituting r = 0.01 and n = 240 into the above formula, we can get:
Strategy guide
12-13
Strategy guide
12-13