A factory in an isolated town has an annual payroll of $4 million. It is estimated that

Question:

A factory in an isolated town has an annual payroll of $4 million. It is estimated that 70% of this money is spent within the town, that people in the town receiving this money will again spend 70% of what they receive in the town, and so on. What is the total of all this spending in the town each year?

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