Does spending money on Google AdWords PPC affect SEO at all? earn by blogging adsense income

I ask because we spend a few hundred a month on AdWords for a variety of keywords and I just noticed that we are ranking on the front page for a few of those terms as well organically. It's for a local business and other than the typical basic headings, keyword density considerations, metadata and WordPress SEO plugin settings we haven't focused on SEO at all. It's not any kind of new page boost or anything as the site has been up over a year.

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