You have approached your local bank for a start-up loan commitment for $330,000 needed to open a computer repair store. You have requested that the term of the loan be one year. Your bank has offered you the following terms: size of loan commitment = $330,000, term = one year, up-front fee = 25 basis points, back-end fee = 50 basis points. Assume you take down 70 percent of the total loan commitment Calculate the total fees you will pay on this loan commitment Total fees