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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
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 4 years once he completes a program at a culinary institute. The investment account is expected to yield 5% compounded quarterly if he needs $88000 to open the shop in 4 years. 1. Fill in the calculator input values (using 0 for unknowns based on the question and no negatives or units). 2. Find the initial investment. Answer: N= TY PV = PMT= FV = o e to search i 1
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