Royal bank purchases a long-term NID with nominal value of RM 1.8 million. The LNID was issued with the following features:

Issue date = 20 February 2019

Maturity date = 20 June 2020

Coupon rate = 6.5% p.a

Interest dates = every 20 May and 20 November in each year

The first interest date would be three months after the issue date, which is on 20 May 2019.

1. Compute the amount of first interest payment for this LNID.

2.Compute the remaining interest payment for this LNID