BUSN 602- Caseyâ€™s One Stop has been approved for a $207,500 loan commitment Caseyâ€™s One Stop has been approved for a $207,500 loan commitment from its local bank. The bank has offered the following terms: term = one year, up-front fee = 80 basis points, back-end fee = 40 basis points, and rate on the loan = 7.35 percent. Caseyâ€™s expects to immediately take down $199,000 and no more during the year unless there is some unforeseen need. Calculate the total interest and fees Caseyâ€™s One Stop can expect to pay on this loan commitment. (Round your answer to 2 decimal places.) Total interest and fees $
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