Silicon Valley in California is the world center for the computer and semiconductor industry and has many of the world's major computer and semiconductor companies located close to each other there. This provides the location-specific advantage of .

externalities

Explanation:

Based on the scenario being described within the question it can be said that this provides the location-specific advantage of externalities. This term refers to the consequences/benefits incurred from third party activities whether or not you are part of that industry or market. Which in this case having all the companies in a specific location allows them to benefit from one another without there being an intent to.

month 1 start amount =$3287.90 interest=(3287.90x0.0145/12)3.97 total to pay=$3291.81 paid =$1200 balance =$2,091.87

month 2 starting amount= $2,091.87 interest =$25.28 total to pay =$2117.15 paid =$1200 balance $917.15

month 3 starting amount =$917.15 interest =$11.08 total to pay =$928.23 paid =$928.23 balance =$0 total to pay 1200+1200+928.23 = $3328.23 it will take 3 months to pay a total of $3328.23

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