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Question: 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, and rate on the loan = 7 percent. Assume you Immediately take down $158,000 and no more during the year. Calculate the total interest and fees you will pay on this loan commitment.
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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