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Gru is building a new laboratory as part of his next evil plan. He takes a $20,000 loan out from the bank to pay for

Gru is building a new laboratory as part of his next evil plan. He takes a $20,000 loan out from the bank to pay for the laboratory and agrees to pay 5% interest on the loan. How much will Gru owe the bank when payment is due in 4 years?

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