Jupiter company present loan personal for united bank and provide three credit schedule to the loan.the first option is borrow birr 460,000,00 mortgage to be paid with 8 years at equal installement rate of 15% semi annually. The second and third option are to borrow birr 900,000,00 for 30 months at equal installement at rate of 13% and birr 600,000,00 for a year at equal installement at the rate of 12.5% semi annually respectively. The bank agreed with the company and the loan has distributed with additional service charge of 30,000,00 one time borrowing cost of three loan.

Required

1.calculate the interest expense and other charges at the end of year

2. Calculate the total loan repaid at the end of second year