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F&=(1 + 0.01)^{240}\\\end{align*}If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?

If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?&=1.01^{240}

Step 1: Review the formula of compound interest final value.\begin{align*}F&=(1 + 0.01)^{240}\\