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A loan commitment of $4.32 million has an up-front fee of 80 basis points and a back-end fee of 50 basis points. The take down
A loan commitment of $4.32 million has an up-front fee of 80 basis points and a back-end fee of 50 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.) The answer is not 47535 or 47520 or 56030.40 |
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