Question:

Brent Pickett borrowed $4000 from his brother Dave. He

Last updated: 7/20/2022

Brent Pickett borrowed $4000 from his brother Dave. He

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.)