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