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Brent Pickett borrowed $2000 from his brother Dave. He agreed to repay the money at the end of 3 years, giving Dave the same amount
Brent Pickett borrowed
$2000
from his brother Dave. He agreed to repay the money at the end of
3 years, giving Dave the same amount of interest that he would have received if the money had been invested at
1.25%
compounded quarterly
.
How much money did Brent repay his brother?
Brent repaid his brother
$
.
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