Mathematics, 31.07.2021 02:50 ashantiwilliams11120

According to the Federal Reserve Bank of Boston, $180 million of counterfeit money was put into the economy in 1999. (Source: www. bos. frb. org (Links to an external site.)) Suppose each time this counterfeit money is used, except the first time it’s passed, 24% of it is seized.

- For each year between 1999 – 2004, determine the amounts of counterfeit money in circulation.
- Assuming this process continues forever, write the expression, that represents the sum of the purchases bought with the counterfeit money. - - Be sure to use sigma notation for this expression. Still assuming this process continues forever, what is the total amount of the purchases made with the counterfeit money?

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According to the Federal Reserve Bank of Boston, $180 million of counterfeit money was put into the...

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