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Due to the spread of the COVID-19 crisis, the Korea Development Bank has partially provided payment guarantee services for SME borrowing. As a result, your
Due to the spread of the COVID-19 crisis, the Korea Development Bank has partially provided payment guarantee services for SME borrowing. As a result, your company will benefit from borrowing 6 billion won at maturity of 5 years, paying only 8 percent interest instead of the original interest rate of 12 percent. How much is the Korea Development Bank's payment guarantee service worth to your company?
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