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\end{align*}\end{align*}F&=(1 + 0.01)^{240}\\

If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?\begin{align*}

Step 1: Review the formula of compound interest final value.&=1.01^{240}Substituting r = 0.01 and n = 240 into the above formula, we can get: