Mathematics, 08.07.2019 05:30 jaelynnm
Abank received an initial deposit of $9,000, kept a percentage of this money in reserve based on a reserve rate of 9% and loaned out the rest. the amount it loaned out all was eventually deposited back into the bank. if this cycle continued indefinitely, how much money eventually resulted from the initial deposit?
Answers: 1
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Abank received an initial deposit of $9,000, kept a percentage of this money in reserve based on a r...
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