Answer:
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Step-by-step explanation:
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The cost of renting their money is $187.92 . The interest rate is about 14%.
The answer is30 cubic inches
Use the compound amount formula:
$2,300 = P(1+0.02)^3. Solve this for P:
P = $2,300 / (1.02)^3 = $2167.34.
By depositing $2,167.34 now, Cheryl would have $$2300 after three years.
