&=1.01^{240}&=1.01^{240}Step 2: Substitute data for calculation.
Step 2: Substitute data for calculation.\begin{align*}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\%.
\begin{align*}Substituting r = 0.01 and n = 240 into the above formula, we can get:\begin{align*}
Strategy guide 12-14
Strategy guide
12-14
Strategy guide
12-14