Help Save &Et Calculating Fees on a Loan Commitment During the last year you have had a loan commitment from your bank to fund inventory purchases for your smal business. The total loan avalable was St060000 of which you took down $830.000. it is now the end of the loan commtment period and your bankis aking you to pay the backend fees You have msplaced the paperwork that isted the terms of the commitment, but you know you paid total fees his does not include any interest paid to bomow the S0.000) of S4.865 on ths loan commment You remember that the up tront fee was 30 bass pores what is the backend fee on this loan commitment Multiple Choice 3.5 basis points 65 besis points 65 bes points 25 besis points Help Save &Em Calculating Fees on a Loan Commitment Durtng the last year you have had a loan commitment from your bank to fund inventory purchases for your small business. The total loan avalable was $1080,000 of which you took down $830.000. It is now the end of the loan commitment perlod and your banks asking you to pay the backend fees. You have mspiaced the paperwork that ted the terms of the commitment, but you know you paid total fees this does not include any interest paid to borow the $830.000 of $4.865 on this loan commitment You remember that the up-front fee wes 30 bas pots what is the back-end fee on this loan commitment Mutiple Choice 35 basis points 05 basis points 6.5 besis pointa 35 besis points