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A company borrows $25,000 from a bank, with an interest rate of 3%. The terms of borrowing provide that interest accrues based on annual compounding,
A company borrows $25,000 from a bank, with an interest rate of 3%. The terms of borrowing provide that interest accrues based on annual compounding, and the principle and interest are due in full 4 years from the date of borrowing. What is the total amount due on this borrowing at the due date?
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