A loan commitment of 441 million has an up-front fee of 90, Financial Management

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A loan commitment of 441 million has an up-front fee of 90

A loan commitment of $4.41 million has an up-front fee of 90 basis points and a back-end fee of 45 basis points. The take down on the loan is 60 percent.

Calculate the total fees you will pay on this loan commitment. (Round your answer to 2 decimal places.)

Total fee

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Financial Management: A loan commitment of 441 million has an up-front fee of 90

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Financial Management: A loan commitment of 441 million has an up-front fee of 90

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