Question: Cottingham Pies made semi-annual payments into a sinking fund for 10 years. If the fund had a balance of $100 000 after 10 years and

Cottingham Pies made semi-annual payments into a sinking fund for 10 years. If the fund had a balance of $100 000 after 10 years and interest is 11% compounded semi-annually, what was the accumulated balance in the fund after 7 years?

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