1. **State the problem:** Calculate the interest paid on a loan of 675000 for 3 months with a business risk percentage of 2.4% and LIBOR at 2.5%. 2. **Formula used:** Interest Paid = Principal \times Rate \times Time 3. **Calculate the total interest rate:** Total Rate = Business Risk + LIBOR = 2.4\% + 2.5\% = 4.9\% = 0.049 4. **Convert time to fraction of year:** Time = \frac{90}{365} 5. **Calculate interest:** $$\text{Interest} = 675000 \times 0.049 \times \frac{90}{365}$$ 6. **Intermediate step showing cancellation:** $$675000 \times 0.049 \times \frac{\cancel{90}}{\cancel{365}}$$ 7. **Calculate numeric value:** $$675000 \times 0.049 \times 0.2465753425 = 675000 \times 0.012080092 = 8154.06$$ 8. **Final answer:** The interest paid at the end of the term is **8154.06**.