Step 2: Substitute data for calculation.1.01 {240} \ approximate 10.8926 is calculated by a calculator.
Step 1: Review the formula of compound interest final value.\begin{align*}Step 1: Review the formula of compound interest final value.
Step 2: Substitute data for calculation.Step 2: Substitute data for calculation.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 12-13
Strategy guide 12-13