Problem $7-29$

AIR National's capacity is $130$ passengers per flight. It currently carries $78$ 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

Interest Factors for the Future Value of One Dollar

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