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13. Adli, the owner of Edlee Fried Chicken Company, has projected that the demand of his product will keep increasing next year. In order to

13. Adli, the owner of Edlee Fried Chicken Company, has projected that the demand of his product will keep increasing next year. In order to keep up with the rising demand, he plans to buy twoadditional lorries to improve the distribution and logistics system of the company. The cost of the lorries for Model 1 is RM120,000 and Model 2 is RM130,000. Adli plans to get financing from SME Bank. What is the monthly payment for the two lorries if the interest rate is 8 % per annum and the loan tenure is 9 years?

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