Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Appendix A AIR National's capacity is 130 passengers per flight. It currently carries 75 passengers per flight. Growth in passengers is expected to be 7

image text in transcribed
Appendix A
image text in transcribed
AIR National's capacity is 130 passengers per flight. It currently carries 75 passengers per flight. Growth in passengers is expected to be 7 percent annually. New planes will have to be ordered when the company is carrying 90 percent of capacity. How fong will it be before the firm must order new planes? Use Appendix A to answer the question. Round your answer to the nearest whole number. years Interest Factors for the Future Value of One Dollar \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline TlmePeriod(cog)yean) & is. & 2% & 3x & 4x & & & & & % & 10x & 2x & 34 & 15% & 16% & 10x & 20 \\ \hline 2 & 1.020 & 1.040 & 1.0611.093 & 1.0821.125 & 1.1021.158 & 1.1241.191 & 1.145 & 1.1661.260 & & & 1.2541.405 & 1,3001,482 & 13221.521 & 1561 & 1.3921.643 & 1.4401.778 \\ \hline43 & 1.0301.041 & 1.0611.082 & 1.0931126 & 1.1251.170 & 1.1581.216 & 1.1911.262 & 1.2251.311 & 1.2601.360 & 1.2951.412 & 1.3311.464 & 1.4051.574 & 1689 & 1.3211.749 & 1.811 & 1.6431.939 & 2074 \\ \hline 45 & 1.0411.051 & 1.104 & 1.1261.159 & 1.1701.217 & 1.2161.276 & 1.2621.338 & 1.403 & 1.469 & 1.539 & 1611 & 1.762 & 1.925 & 2011 & 2100 & 2.288 & 2488 \\ \hline 6 & 1.062 & 1.126 & 1.194 & 1.265 & 1.340 & 1.419 & 1.501 & 1587 & 1.677 & 1.72 & 1974 & 2.195 & 2.313 & 2.436 & 2700 & 2.986 \\ \hline 7 & 1072 & 1.149 & 1.230 & 1.316 & 1.407 & 1504 & 1.606 & 1.714 & 1.828 & 1949 & 2211 & 2502 & 2.660 & 2826 & 3.186 & 3583 \\ \hline 8 & 1.083 & 1.172 & 1.267 & 1.369 & 1.477 & 1.594 & 1778 & 1.851 & 1993 & 2.144 & 2.476 & 2.853 & 3.059 & 3.278 & 3.759 & 4300 \\ \hline 9 & 1.094 & 1,195 & 1.305 & 1.423 & 1551 & 1.689 & 1.838 & 1.999 & 2.172 & 2.358 & 2773 & 3.252 & 3.518 & 3803 & 4.436 & 5.160 \\ \hline 10 & 1.105 & 1.219 & 1344 & 1.480 & 1.629 & 1.791 & 1967 & 2.159 & 2367 & 2594 & 3.106 & 3707 & 4,046 & 4.411 & 5.234 & 6.192 \\ \hline 11 & 1.116 & 1.243 & 1.384 & 1.539 & 1710 & 1898 & 2.105 & 2332 & 2.580 & 2853 & 3.479 & 4.226 & 4.652 & 5.117 & 6.176 & 7.430 \\ \hline 12 & 1.127 & 1.268 & 1.426 & 1.601 & 1.796 & 2.012 & 2.252 & 2.518 & 2.813 & 3.1 & 3.896 & 4.818 & 5350 & 5.936 & 7.287 & 8.916 \\ \hline 1314 & 1.138 & 1.294 & 1.469 & 1.665 & 1.886 & 2.133 & 2.410 & 2720 & 3,066 & 3.452 & 4.363 & 5.492 & 6.153 & 6.886 & 8.599 & 10.699 \\ \hline 1415 & 1.149 & 1319 & 1.513 & 1.732 & 1980 & 2.261 & 2.579 & 2937 & 3.342 & 3.797 & 4.887 & 6.261 & 7076 & 7988 & 10.147 & 12.839 \\ \hline & 1.161 & 1.346 & 1.558 & 1.801 & 2.079 & 2397 & 2799 & 3.172 & 3.642 & 4.177 & 5.474 & 7.138 & 8.137 & 9.266 & 11.973 & 15.407 \\ \hline 1617 & 1.1731.84 & 1373 & 1.605 & 1.873 & 2.183 & 2540 & 2952 & 3.426 & 3970 & 4.595 & 6.130 & 8.137 & 9358 & 10.748 & 14.129 & 18.488 \\ \hline 1718 & 1.1841.196 & 1.400 & 1.653 & 1.948 & 2792 & 2693 & 3.159 & 3700 & 4.328 & 5.054 & 6.866 & 9.276 & 10.761 & 12 & 16.672 & 22.186 \\ \hline 1819 & 1.1961.208 & 1.4281.457 & 1.702 & 2026 & 2407 & 2.854 & 3.380 & 3996 & 4.717 & 5.560 & 7.690 & 10.575 & 12.375 & 14.463 & 19.673 & 26.623 \\ \hline 1920 & 1.2081.220 & 1.4571.486 & 1.7541.806 & 2.107 & 25272653 & 3.0263.207 & 3.6173.870 & 4.3164.661 & 5.1425.604 & 6.1166.728 & 8.6139646 & 12.05613743 & 14.23215.367 & 16.77719.461 & 23.21427.393 & 3194838.337 \\ \hline 25 & 1.282 & & & & 3.366 & & & & 1623 & 0835 & 7000 & 26.462 & & & & \\ \hline 30 & & I A.t. & & 806 & & & & & & & & & & 87 & 62.688 & 5.396 \\ \hline 30 & 48 & 1.811 & 2.427 & 3.243 & 4.322 & 5.743 & 7.612 & 10.063 & 13.268 & 17.449 & 29.960 & 50.950 & 66.212 & 85.850 & 143370 & 237370 \\ \hline \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Big Tech In Finance

Authors: Igor Pejic

1st Edition

139860898X, 978-1398608986

More Books

Students also viewed these Finance questions