federal reserve digital dollar Top Knowledge

&=1.01^{240}1.01 {240} \ approximate 10.8926 is calculated by a calculator.1.01 {240} \ approximate 10.8926 is calculated by a calculator.

F&=(1 + 0.01)^{240}\\&=1.01^{240}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?Step 1: Review the formula of compound interest final value.Step 2: Substitute data for calculation.