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, and rate on the loan = 7 percent. Assume you immediately take down $162,000 and no more during the year.