2024-12-14 02:13:14
F&=(1 + 0.01)^{240}\\\begin{align*}&=1.01^{240}
Step 1: Review the formula of compound interest final value.Step 1: Review the formula of compound interest final value.1.01 {240} \ approximate 10.8926 is calculated by a calculator.
\begin{align*}Step 1: Review the formula of compound interest final value.This means that after 240 trading days, the overall increase multiple is about 10.8926 times, and the increase is (10.8926-1) \times 100\% = 989.26\%.