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Waiting period. Upstate University currently has a 6,200-car parking capacity for faculty, staff, and students. This year, the university issued 4,145 parking passes. The number
Waiting period. Upstate University currently has a 6,200-car parking capacity for faculty, staff, and students. This year, the university issued 4,145 parking passes. The number of parking passes issued has been growing at a rate of 4% per year. How long will it be before the university will need to add parking spaces? How long will it be before the university will need to add parking spaces? years (Round to two decimal places.)
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