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10. BAKERY Carlos Mora recently immigrated to the United States from Central America. His family has agreed to help him set aside the cash needed

10. BAKERY Carlos Mora recently immigrated to the United States from Central America. His family has agreed to help him set aside the cash needed to open a small bakery in 2 years once he completes a program at a culinary institute. Find the amount they must deposit today in an investment account expected to yield 4% compounded quarterly if he needs $95,000 to open the shop in 2 years.

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