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2024-12-14 09:37:43

Substituting r = 0.01 and n = 240 into the above formula, we can get:


Step 1: Review the formula of compound interest final value.\end{align*}\end{align*}


Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.&=1.01^{240}Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.

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