Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.Step 1: Review the formula of compound interest final value.
&=1.01^{240}\begin{align*}F&=(1 + 0.01)^{240}\\
\begin{align*}Step 1: Review the formula of compound interest final value.
Strategy guide
12-13
Strategy guide 12-13
Strategy guide 12-13
Strategy guide 12-13
Strategy guide 12-13
Strategy guide
12-13