Although the capacity of 6 food and beverage businesses operating in the location to be invested is 1240 people, the average daily demand is 948 people. Considering that the compound annual growth rate is 12%, calculate the estimated demand separately for the next 5 years at this location.

Answer rating: 100% (QA)

To calculate the estimated demand for the next 5 years at the location we can use the compound ann... View the full answer