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?

Answer rating: 100% (QA)

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