Red Lions Corporation takes out a $$8\mathrm{.}6$ million short$-$term amortizing loan for

nine months at $11\mathrm{.}4\%$ per annum. It makes monthly payments to pay off the loan.

However, after completing $5$ months of repayments, it decides to payoff early the

remaining part of the loan amount.

Q$1.$ How much are the monthly repayment $($in millions of dollars$)?$

$

millions. $($Give answer to $4$ decimal places$)$

Q$2.$ How much does it repay to payoff the remaining part of the loan $($in millions of

dollars$)?$

$

millions. $($Give answer to $4$ decimal places$)$