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The government has decided on a tax rebate program to stimulate the economy. Suppose that you receive $1400 and you spend 90% of this,
The government has decided on a tax rebate program to stimulate the economy. Suppose that you receive $1400 and you spend 90% of this, and each person who receives what you spend in turn spend 90% of what they receive, and this process continues indefinitely. What is the total amount spent (to the nearest dollar) that results from this government action? Total amount spent =
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Advanced Engineering Mathematics
Authors: Erwin Kreyszig
5th Edition
471862517, 978-0471862512
