More people are purchasing food from farmers' markets around

Last updated: 7/21/2022

More people are purchasing food from farmers' markets around the country. As a consequence, a market researcher predicts that the number of farmers' markets will increase by 2.8% every six months. If there were 7823 farmers' markets in 2019, how many will there be in 4 years? Given the exponential growth scenario above, answer the following questions: What is the initial value, Po in this problem? What is the growth factor or growth rate (as a decimal value)? What is the n value, or number of time periods?