A certain oil well that yields 900 barrels of crude oil per month will run dry in

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A certain oil well that yields 900 barrels of crude oil per month will run dry in 3 years. The price of crude oil is currently $92 per barrel and is expected to rise at the constant rate of 80 cents per barrel per month. If the oil is sold as soon as it is extracted from the ground, how much total future revenue will be obtained from the well?

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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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