In its first month, an oil well near Virden, Manitoba produces 24 000 barrels of crude. Every
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In its first month, an oil well near Virden, Manitoba produces 24 000 barrels of crude. Every month after that, it produces 94% of the previous month's production. If this trend continues, what would be the lifetime production of this well? Write out the first 4 terms. What assumptions are you making?
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