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A sinking fund is established with semi-annual deposits of $150 at an interest rate j 2 j2 = 5.1%. If the balance immediately after the

A sinking fund is established with semi-annual deposits of $150 at an interest rate j2j2 = 5.1%. If the balance immediately after the nthnth deposit is $11263, what was the balance immediately after the (n1)th(n1)thdeposit?

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