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Brent Pickett borrowed $4000 from his brother Dave. He agreed to repay the money at...

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Basic Math

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Brent Pickett borrowed $4000 from his brother Dave. He agreed to repay the money at the end of 2 years, giving Dave the same amount of interest that he would have received if the money had been invested at 3.25% compounded quarterly. How much money did Brent repay his brother? Brent repaid his brother $ (Round to the nearest cent as needed.)

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