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Towed $3000 from his brother Dave. He agreed to repay the money at the end of 2 year the money had been invested at 2.25% compounded quarterly. How much money did B

Towed $3000 from his brother Dave. He agreed to repay the money at the end of 2 year the money had been invested at 2.25% compounded quarterly. How much money did B

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Brent Pickett borrowed $3000 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 2.25% compounded quarterly. How much money did Brent repay his brother? Brent repaid his brother S (Round to the nearest cent as needed.)
Transcribed Image Text:Brent Pickett borrowed $3000 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 2.25% compounded quarterly. How much money did Brent repay his brother? Brent repaid his brother S (Round to the nearest cent as needed.)
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