Revenue from gas wells that have been in production for at least 5 years tends to follow
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Revenue from gas wells that have been in production for at least 5 years tends to follow a decreasing geometric gradient. One particular rights holder received royalties of $4000 per year for years 1 through 6, but beginning in year 7, income decreased by 15% per year through year 14. What was the future value in year 14 if all of the income was invested at 10% per year?
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Basics Of Engineering Economy
ISBN: 9780073376356
2nd Edition
Authors: Leland T. Blank, Anthony Tarquin
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