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Since 2007, the Bureau of Engraving and Printing has produced about 11 million new $1 bills a day; worn bills are removed by Federal Reserve

Since 2007, the Bureau of Engraving and Printing has produced about 11 million new $1 bills a day; worn bills are removed by Federal Reserve banks. There are about 9.2 billion dollar bills currently in circulation. Assuming that a fixed percentage of $1 bills are removed from circulation each day, use a geometric series to estimate this percentage. 1 Round your answer to two decimal places.

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