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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
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 5, but beginning in year 6, income decreased by 15% per year through year 15. What was the future value in year 15 if all of the income was invested at 10% per year?
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