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(1 point) On a loan of $21000, interest at 9 % effective must be paid at the end of each year. The borrower also deposits

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(1 point) On a loan of $21000, interest at 9 % effective must be paid at the end of each year. The borrower also deposits $X at the beginning of each year into a sinking fund earning 5.2% effective. At the end of 13 years the sinking fund is exactly sufficient to pay off the loan. Calculate X

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