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We can use the formula for calculating the final value of compound interest to calculate the final increase under this continuous growth situation. The following are the specific steps:Step 1: Review the formula of compound interest final value.&=1.01^{240}

\end{align*}\end{align*}Step 2: Substitute data for calculation.

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