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SOLVED:Consumer Trends: Multiplier Effect The annual spending by tourists in a resort city is 100 million dollars. Approximately 75 % of that revenue is again spent in the resort city, and of that amount approximately 75 % is again spent in the resort city. If this pattern continues, write the geometric series that gives the total amount of spending generated by the 100 million dollars and find the sum of the series.
SOLVED:Consumer Trends: Multiplier Effect The annual spend…
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