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

F&=(1 + 0.01)^{240}\\F&=(1 + 0.01)^{240}\\

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