Please who answers about this exercise could explain how it reaches the result? I have seen some exercises but at the end only by the percentage and not how they got it 78 current passengers grows to (0.8)(130) = 104 passengers at what rate? 78(1 + g = 104 For example, in this case, I do not understand how after 1,333 it reaches 6% 78(1 + 0.05). = 104 FVIF at 5% = 78/104 = 1.333 N= approximately 6 years (PV = -78; PMT = 0; N= ?; I = 5; FV = 104; N = 5.90.) = = Interest Factors for the Future Value of One Dollar Time Period (e.g. 9% year) 1 2 3 4 5 1% 2% 3% 4% 5% 6% 7% 1.010 1.020 1.030 1.040 1.050 1.060 1.070 1.020 1.040 1.061 1.082 1.102 1.124 1.145 1.030 1.061 1.093 1.125 1.158 1.191 1.225 1.041 1.082 1.126 1.170 1.216 1.262 1.311 1.051 1.104 1.159 1.217 1.276 1.338 1.403 8% 1.080 1.166 1.260 1.360 1.469 1.090 1.188 1.295 1.412 1.539 10% 1.100 1.210 1.331 1.464 1.611 12% 1.120 1.254 1.405 1.574 1.762 14% 1.140 1.300 1.482 1.689 1.925 15% 1.150 1.322 1.521 1.749 2.011 16% 1.160 1.346 1.561 1.811 2.100 18% 1.180 1.392 1.643 1.939 2.288 20% 1.200 1.440 1.728 2.074 2.488 6 7 8 9 10 1.062 1.126 1.194 1.265 1.340 1.419 1.501 1.072 1.149 1.230 1.316 1.407 1.504 1.606 1.083 1.172 1.267 1.369 1.477 1.594 1.718 1.094 1.195 1.305 1.423 1.551 1.689 1.838 1.105 1.219 1.344 1.480 1.629 1.791 1.967 1.587 1.714 1.851 1.999 2.159 1.677 1.828 1.993 2.172 2.367 1.772 1.949 2.144 2.358 2.594 1.974 2.211 2.476 2.773 3.106 2.195 2.502 2.853 3.252 3.707 2.313 2.660 3.059 3.518 4.046 2.436 2.826 3.278 3.803 4.411 2.700 3.186 3.759 4.436 5.234 2.986 3.583 4.300 5.160 6.192 11 12 13 14 15 1.116 1.243 1.384 1.539 1.710 1.898 2.105 1.127 1.268 1.426 1.601 1.796 2.012 2.252 1.138 1.294 1.469 1.665 1.886 2.133 2.410 1.149 1.319 1.513 1.732 1.980 2.261 2.579 1.161 1.346 1.558 1.801 2.079 2.397 2.759 2.332 2.518 2.720 2.937 3.172 2.580 2.813 3.066 3.342 3.642 2.853 3.479 3.138 3.896 3.452 4.363 3.797 4.887 4.177 5.474 4.226 4.818 5.492 6.261 7.138 4.652 5.117 5.350 5.936 6.153 6.886 7.076 7.988 8.137 9.266 6.176 7.287 8.599 10.147 11.973 7.430 8.916 10.699 12.839 15.407 16 17 18 19 20 1.173 1.373 1.605 1.873 2.183 2.540 2.952 1.184 1.400 1.653 1.948 2.292 2.693 3.159 1.196 1.428 1.702 2.026 2.407 2.854 3.380 1.208 1.457 1.754 2.107 2.527 3.026 3.617 1.220 1.486 1.806 2.191 2.653 3.207 3.870 3.426 3.700 3.996 4.316 4.661 3.970 4.328 4.717 5.142 5.604 4.595 5.054 5.560 6.116 6.728 6.130 8.137 9.358 10.748 6.866 9.276 10.761 12.468 7.690 10.575 12.375 14.463 8.613 12.056 14.232 16.777 9.646 13.743 16.367 19.461 14.129 16.672 19.673 23.214 27.393 18.488 22.186 26.623 31.948 38.337 25 1.282 1.641 2.094 2.666 3.386 4.292 5.427 6.848 8.623 10.835 17.000 26.462 32.919 40.874 62.688 95.396 30 1.348 1.811 2.427 3.243 4.322 5.743 7.612 10.063 13.268 17.449 29.960 50.950 66.212 85.850 143.370 237.370 Problem 7-29 AIR National's capacity is 130 passengers per flight. It currently carries 71 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 80 percent of capacity. How long 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
