A certain oil well that yields 400 barrels of crude oil per month will run dry in
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A certain oil well that yields 400 barrels of crude oil per month will run dry in 2 years. The price of crude oil is currently $98 per barrel and is expected to rise at the constant rate of 40 cents per barrel per month. If the oil is sold as soon as it is extracted from the ground, how much total revenue will be obtained from the well?
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Related Book For 
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
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