F&=(1 + 0.01)^{240}\\Substituting r = 0.01 and n = 240 into the above formula, we can get:&=1.01^{240}
If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?1.01 {240} \ approximate 10.8926 is calculated by a calculator.
Substituting r = 0.01 and n = 240 into the above formula, we can get:\begin{align*}
Strategy guide 12-13
Strategy guide 12-13
Strategy guide 12-13
Strategy guide 12-13