Brent borrowed ​$2000 from his brother Dave. He agreed to repay the money at the end of 4 ​years, giving Dave the same amount of interest that he would have received if the money had been invested at 1.75 % compounded quarterly How much money did Brent repay his​ brother?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 62SE: Rachael deposits $1500 into a retirement fund each year. The fund earns 8.2% annual interest,...
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 Brent borrowed

​$2000 from his brother Dave. He agreed to repay the money at the end of
4 ​years, giving Dave the same amount of interest that he would have received if the money had been invested at
1.75 % compounded quarterly

How much money did Brent repay his​ brother?

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