new factory in a small town has an annual payroll of $8 million. It is expected that 75% of this money will be spent in the town by factory personnel. The people in this town who receive this money are expected to spend 75% of what they receive in the town, and so on. What is the total of all this spending, called the total economic impact of the factory, on the i own each year? Use the formula for the sum of an infinite geometric series The total economic impact of the factory is $ each year AND
new factory in a small town has an annual payroll of $8 million. It is expected that 75% of this money will be spent in the town by factory personnel. The people in this town who receive this money are expected to spend 75% of what they receive in the town, and so on. What is the total of all this spending, called the total economic impact of the factory, on the i own each year? Use the formula for the sum of an infinite geometric series The total economic impact of the factory is $ each year AND
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.3: Geometric Sequences
Problem 81E
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![A new factory in a small town has an annual payroll of $8 million. It is expected that 75% of this money will be spent in the town by factory personnel. The people in this town who
receive this money are expected to spend 75% of what they receive in the town, and so on. What is the total of all this spending, called the total economic impact of the factory, on the i
town each year? Use the formula for the sum of an infinite geometric series
The total economic impact of the factory is $ each year
BILD](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F67e9dc39-9a53-45af-b2cb-79741b202497%2F6e36ca7a-37b4-4f7c-9fba-aac14bc331a2%2F5zrtl9d_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A new factory in a small town has an annual payroll of $8 million. It is expected that 75% of this money will be spent in the town by factory personnel. The people in this town who
receive this money are expected to spend 75% of what they receive in the town, and so on. What is the total of all this spending, called the total economic impact of the factory, on the i
town each year? Use the formula for the sum of an infinite geometric series
The total economic impact of the factory is $ each year
BILD
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