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The price per barrel (in dollars) for NYMEX-traded crude oil futures can be approximated by the function: p(x)= 118 256 x 1+.13le Where x = 1 corresponds to the first quarter of the 2014, x = 2 corresponds to the second quarter of the year 2014 and so on. (Wall Street Journal). уear Find the futures price of crude oil for the third quarter of 2017.

The price per barrel (in dollars) for NYMEX-traded crude oil futures can be approximated by the function: p(x)= 118 256 x 1+.13le Where x = 1 corresponds to the first quarter of the 2014, x = 2 corresponds to the second quarter of the year 2014 and so on. (Wall Street Journal). уear Find the futures price of crude oil for the third quarter of 2017.

Algebra and Trigonometry (6th Edition)
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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The price per barrel (in dollars) for NYMEX-traded crude oil futures can be approximated by the function: 118 p(x)=; 1+.131e256x Where x = 1 corresponds to the first quarter of the year 2014, x = 2 corresponds to the second quarter of the year 1+.13 le 2014 and so on. (Wall Street Journal). Find the futures price of crude oil for the third quarter of 2017.
Transcribed Image Text:The price per barrel (in dollars) for NYMEX-traded crude oil futures can be approximated by the function: 118 p(x)=; 1+.131e256x Where x = 1 corresponds to the first quarter of the year 2014, x = 2 corresponds to the second quarter of the year 1+.13 le 2014 and so on. (Wall Street Journal). Find the futures price of crude oil for the third quarter of 2017.
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