You have approached your local bank for a start-up loan commitment for $370,000 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 = $370,000, term one year, up-front fee = 75 basis points, back-end fee 80 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