Aquitaine Corporation has borrowed $1.35 million from a bank with the understanding that it will pay $60,000 a month, until the loan is paid off. The bank will charge 6% per annum interest on the unpaid balance, calculated monthly. Aquitaine will make the payments at the end of each month. Find the following:
(A) How long will it take Aquitaine to pay off the loan?
(B) What is the partial payment for the last month?