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Red Lions Corporation takes out a $ 8 . 6 million short - term amortizing loan for nine months at 1 1 . 4 %
Red Lions Corporation takes out a $ million shortterm amortizing loan for nine months at per annum. It makes monthly payments to pay off the loan. However, after completing months of repayments, it decides to payoff early the remaining part of the loan amount.
Q How much are the monthly repayment in millions of dollars
$ millions. Give answer to decimal places
Q How much does it repay to payoff the remaining part of the loan in millions of dollars
$ millions. Give answer to decimal places
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