trust and central bank digital currencies Top Block

Step 2: Substitute data for calculation.F&=(1 + 0.01)^{240}\\Substituting r = 0.01 and n = 240 into the above formula, we can get:

Step 2: Substitute data for calculation.The following is to calculate the increase of 240 trading days according to the daily increase of 2%, and calculate it through the calculator, 1.02 {240} \ approximate 115.8887.

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