\begin{align*}Step 2: Substitute data for calculation.
Step 2: Substitute data for calculation.&=1.01^{240}\end{align*}
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.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
Strategy guide
12-14
Strategy guide 12-14
Strategy guide 12-14