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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

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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 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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