Substituting r = 0.01 and n = 240 into the above formula, we can get:F&=(1 + 0.01)^{240}\\F&=(1 + 0.01)^{240}\\
We can use the formula for calculating the final value of compound interest to calculate the final increase under this continuous growth situation. The following are the specific steps:Step 2: Substitute data for calculation.&=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\%.Substituting r = 0.01 and n = 240 into the above formula, we can get:\begin{align*}
Strategy guide
12-13
Strategy guide