Substituting r = 0.01 and n = 240 into the above formula, we can get:Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?
Step 2: Substitute data for calculation.If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?
If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?F&=(1 + 0.01)^{240}\\
Strategy guide
12-13
Strategy guide
12-13