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We obtain the exact bound states of the generalized of Hulth�en potential with negative
energy levels using an analytic approach. In order to obtain bound states, we use the
associated Jacobi differential equation. Using the supersymmetry approach to quantum
mechanics, we show that these bound states, via four pairs of first order differential
operators, represent four types of ladder equations. Two types of these supersymmetric
structures suggest derivation of algebric solutions for the bound states using two
different approaches.
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