A clever rich and wealthy local politician promises to give, Ask an Expert

Economics

A clever, rich, and wealthy local politician promises to give you $1,000 on the first day of four months before elections….From here on he will give you 9/10 of the amount he gave you the day before…

i. What is the total amount you will receive?

ii. When will you receive the last payment?

Note: I need the answer step by step.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91924714

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