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A sinking fund is being accumulated at j 12 = 6% by deposits of $200 per month to repay the loan of $10,000. If the

A sinking fund is being accumulated at j₁₂ = 6% by deposits of $200 per month to repay the loan of $10,000. If the book value of debt is 4605.31 just after the k^th deposit, what is the book value of debt just after the (k+1)^st deposit?

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