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Business, 20.06.2020 18:57 castor1358

Hongkong Semiconductor Manufacturing Corporation (TSMC) purchased lithography machinery from French semiconductor equipment maker ASML in the fall of 2005 for 76,721,076 euros. If TSMC receives a loan at the cost of 5.75% per year, how much will the company save in interest if it pays off the loan (in one payment) after one year, as opposed to paying it off (again, in one payment) at the end of two years?

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