Answer:
number of periods = 8 years.
Explanation:
We know,
Future Value = Present value × 
Here,
Present value = PV = $2,500
Future value = FV = $3,500
Interest rate (Compounding) = 5% = 0.05
We have to determine how many years (Periods) it will take, n = ?
Putting the values into the above formula,
$3,500 = $2,500 × 
or, = $3,500 ÷ $2,500
or, n log 1.05 = 1.4
or, n × 0.17609 = 1.4
or, n = 1.4 ÷ 0.17609
Therefore, number of years = 7.95 or 8 years.
Answer:
Gravity models are used to find location that minimizes the cost of transporting raw material from the supplier and finished goods to the markets served. This model also assumes that the transportation cost grows linearly with the quantity shipped.
Explanation:
hope it will helpful
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The correct answer to this question is this one: "Secured Loan."
Howard's bank gave him a personal loan because they found him creditworthy. The type of loan that Howard should get is secured loan.
Answer:
Cooperative is the right answer.
Explanation:
A cooperative is a private organization whose operations are controlled by the owners and by those who use its products. By defination Cooperative is the right answer because mutual funds are the investment in which the owner can only withdraw or deposit in it. Furthermore, partnership is a kind of business in which shareholders pool their resources and earn a share of profit from it. Coorporation is a public company and is owned by a lot of shareholders, governed by the companies act and rules and regulations.
