1. **State the problem:** Calculate the interest paid on a loan of 720000 for 4 months with a business risk percentage of 2.2% and LIBOR at 3.1%. 2. **Formula used:** Interest Paid = Principal \times Rate \times Time 3. **Calculate the total interest rate:** Total Rate = LIBOR + Business Risk = 3.1% + 2.2% = 5.3% = 0.053 4. **Convert time to years:** Time = \frac{4}{12} = \frac{120}{365} \approx 0.3288 5. **Calculate interest:** $$\text{Interest} = 720000 \times 0.053 \times 0.3288$$ 6. **Intermediate calculation:** $$= 720000 \times \cancel{0.053} \times \cancel{0.3288}$$ 7. **Final calculation:** $$= 720000 \times 0.0174264 = 12547.01$$ 8. **Answer:** The interest paid at the end of the term is approximately **12547.01**.