Revenue from gas wells that have been in production for at least 4 years tends to follow an increase by 22%. One particular rights holder invest royalties of starts at $1500 in years 1 and increased by 22% per year. Calculate the future value in year 4 of the royalt income. From the wells provided all of it was investe at 25% per year. a. 11309 b. 11303 O C. 11312 o d. 11318 е. 11313

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Revenue from gas wells that have been in production
for at least 4 years tends to follow an increase by 22%.
One particular rights holder invest royalties of starts at
$1500 in years 1 and increased by 22% per year.
Calculate the future value in year 4 of the royalt
income. From the wells provided all of it was investe
at 25% per year.
a.
11309
b.
11303
O C.
11312
d. 11318
е.
11313
Transcribed Image Text:Revenue from gas wells that have been in production for at least 4 years tends to follow an increase by 22%. One particular rights holder invest royalties of starts at $1500 in years 1 and increased by 22% per year. Calculate the future value in year 4 of the royalt income. From the wells provided all of it was investe at 25% per year. a. 11309 b. 11303 O C. 11312 d. 11318 е. 11313
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