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A new factory in a small town has an annual payroll of ​$ million. It is expected that 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 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 town each​ year? Use the formula for the sum of an infinite geometric series.

Sagot :

Answer:

I would say a millions dollars!

Step-by-step explanation:

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