Clay Harden borrowed $34,000 from a bank at an interest rate of 5% compounded monthly. The loan will be repaid in 36 equal monthly installments over three years. Immediately after his 20th payment, Clay desires to pay hte remainder of the loan in a single payment. Compute the total amount he must pay.

The total amount Clay must pay immediately after his 20th payment will be $_____. (Round to the nearest dollar.)