Step 2: Substitute data for calculation.Step 1: Review the formula of compound interest final value.If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?
Step 1: Review the formula of compound interest final value.Step 1: Review the formula of compound interest final value.F&=(1 + 0.01)^{240}\\
\begin{align*}If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.
Strategy guide 12-14
Strategy guide 12-14