\begin{align*}\end{align*}1.01 {240} \ approximate 10.8926 is calculated by a calculator.
Substituting r = 0.01 and n = 240 into the above formula, we can get:Step 2: Substitute data for calculation.
\end{align*}&=1.01^{240}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.
Strategy guide 12-14
Strategy guide 12-14