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Luke's Bikes has recieved a $400,000 pure discount loan from a bank. The bank will charge 6% interest (compounded annually) and require the loan to

Luke's Bikes has recieved a $400,000 pure discount loan from a bank. The bank will charge 6% interest (compounded annually) and require the loan to be paid back in 4 years. How much will Luke's Bikes have to repay when the loan matures?

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