Revenue from gas wells that have been in production for at least 5 years tends to follow
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Question:
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 (i.e. six times), but beginning in year 7, income decreased by 15% per year through year 14 (geometric gradient of 15%). What was the future value (year 14) of the income from the well, if all of the income was invested at 10% per year
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