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2024-12-14 01:04:30

Step 1: Review the formula of compound interest final value.&=1.01^{240}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\%.


F&=(1 + 0.01)^{240}\\Substituting r = 0.01 and n = 240 into the above formula, we can get:F&=(1 + 0.01)^{240}\\


\end{align*}Substituting r = 0.01 and n = 240 into the above formula, we can get:\end{align*}

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