Calculating Fees on a Loan Commitment During the Last Year

question 97

Multiple Choice

Calculating Fees on a Loan Commitment During the last year you have had a loan commitment from your bank to fund working capital for your business.The total line available was $2,500,000,of which you took down $1,000,000.It is now the end of the loan commitment period and your bank is asking you to pay the back-end fees.You have misplaced the paperwork that listed the terms of the commitment,but you know you paid total fees (this does not include any interest paid to borrow the $1,000,000) of $15,000 on this loan commitment.You remember that the back-end fee was 30 basis points.Calculate the front-end fee on this loan commitment.

• A)30 basis points
• B)42 basis points
• C)60 basis points
• D)70 basis points

Understand the significance of initial versus subsequent encounters in coding.

Gain familiarity with terminologies used in describing injuries, wounds, and the effects of substances.

Learn the coding for specific skin conditions and their treatments.

Recognize the rules and guidelines for accurately coding drug administrations and their routes.

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Definitions:

Sexual Favors

Acts performed as a result of or in expectation of a sexual reward, often highlighting power imbalances or coercion.

Physically And Emotionally Satisfying

Providing both bodily comfort and psychological contentment.

Bodily Arousal

Refers to the physiological state of being alert and physically primed for action, often in response to a stimulus or stressor.

Style Of Attribution

The tendency of individuals to attribute causes of events to internal dispositions or to external situations.