Use the formula for the sum of an infinite geometric series to solve Exercises 9395.A
Chapter 11, Problem 93(choose chapter or problem)
Use the formula for the sum of an infinite geometric series to solve Exercises 9395.A new factory in a small town has an annual payroll of$6 million. It is expected that 60% of this money will bespent in the town by factory personnel. The people in thetown who receive this money are expected to spend 60%of what they receive in the town, and so on. What is thetotal of all this spending, called the total economic impactof the factory, on the town each year?
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