Question: Luke's Bikes has recieved a $ 2 0 0 , 0 0 0 pure discount loan from a bank. The bank will charge 5 %

Luke's Bikes has recieved a $200,000 pure discount loan from a bank. The bank will charge 5% interest (compounded annually) and require the loan to be paid back in 5 years. How much will Luke's Bikes have to repay when the loan matures?

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