Caseys one stop has been approved for a 327 500 loan


Casey's One Stop has been approved for a $327, 500 loan commitment from its local bank. The bank has offered the following terms: term = one year, up-front fee = 90 basis points, back-end fee = 35 basis points, and rate on the loan = 9.50 percent. Casey's expects to immediately take down $310,000 and no more during the year unless there is some unforeseen need. Calculate the total interest and fees Casey's One Stop can expect to pay on this loan commitment.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Caseys one stop has been approved for a 327 500 loan
Reference No:- TGS02159182

Expected delivery within 24 Hours