The Albanian Deposit Insurance Agency entered into a Euro 100 million line of credit agreement with EBRD at t=0. ADIA can draw funds as needed totaling up to Euro 100 million at any time during the 5-year availability period. Once a certain amount is drawn, during the first three years ADIA will pay only annual interest payments at a rate of 2% of the amount withdrawn.

After three years from the withdrawal, ADIA will pay both principal and interest to fully repay the amount within 5 years. The front-end fee of the contract is set at 0.3%. The commitment fee is paid annually (at the end of the year) as is set at 0.4% of the available but undrawn amount. If ADIA makes a withdrawal of Euro 20 million at the end of year 1 and another withdrawal of Euro 40 million at the end of year 2, please complete the information in the table below showing balances or the number of fees and interest paid each period. Show your calculations to receive credit.

Year 0 Year 1 Year 2 Year 3

Available/unused balance

Total Withdrawn balance

front end- fee payment

Commitment fee payment

Interest payment