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A U.S. company, Duncan Corporation has borrowed 200,000 to do an expansion in a French semiconductor factory. If the eurointerest rate is 2.5 % per

A U.S. company, Duncan Corporation has borrowed 200,000 to do an expansion in a French semiconductor factory. If the eurointerest rate is 2.5 % per year and the Euro depreciates against the dollar from $1.60/ at the time the loan was made,to $1.52/ at the end of the first year, how much interest will Duncanpay at the end of the first year in terms of dollars?

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