NMTeX Oil owns several gas wells in Carlsbad, NM. Revenue from the wells has been increasing according to an arithmetic gradient for the past 5 years. The revenue in year 1 from well no. 24 was $390,000 and it increased by $15,000 each year thereafter. Determine (a) the revenue in year 3, and (b) the equivalent annual worth of the revenue through year 5. Assume an interest rate of 10% per year.
What will be an ideal response?
(a) Revenue = 390,000 + 2(15,000)
= $420,000
(b) A = 390,000 + 15,000(A/G,10%,5)
= 390,000 + 15,000(1.8101)
= $417,151.50
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Fill in the blank(s) with the appropriate word(s).
Where does the term bit come from?
What will be an ideal response?
The Olympic Games brought the Greeks together in shared pursuit of individual excellence, known as
a. arête. b. agon. c. pathos. d. hubris.
A technician should listen carefully when a customer describes a problem because _____
a. most customers are technically knowledgeable b. it is a way of establishing rapport with a customer c. customers like to have someone to talk to d. you want to make sure the customer does not blame you for the problem