us government on cryptocurrency- Top Knowledge

F&=(1 + 0.01)^{240}\\1.01 {240} \ approximate 10.8926 is calculated by a calculator.Substituting r = 0.01 and n = 240 into the above formula, we can get:

\begin{align*}F&=(1 + 0.01)^{240}\\&=1.01^{240}

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