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Therefore, the daily increase is 2%, and after 240 trading days, the increase is about 11,488.87 \%.F&=(1 + 0.01)^{240}\\F&=(1 + 0.01)^{240}\\

&=1.01^{240}\end{align*}Substituting r = 0.01 and n = 240 into the above formula, we can get:

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*}