Howard is saving for a long holiday. He deposits a fixed amount every month in a bank account with an EAR of 14.5%. If this account pays interest every month then how much should he save from each monthly paycheck in order to have $9,000 in the account in two years' time? A. $328 . $460 . $525 D. $263 A home buyer buys a house for $800,000. She pays 20% cash, and takes a fixed-rate mortgage for ten years at 7.4% APR. If she makes semi-monthly payments, which of the following is closest to each of her payment? A. $4,155.64 B. $3,022.28 C. $4,533.42 D. $3,777.85 Cameron Industries is purchasing a new chemical vapor depositor in order to make silicon chips. It will cost $5 million to buy the machine and $12,000 to have it delivered and installed. Building a clean room in the plant for the machine will cost an additional $3 million. The machine is expected to have a working life of five years. If straight-line depreciation is used, what are the yearly depreciation expenses in this case? A. $1,600,000 B. $1,002,400 C. $1,000,000 D. $1,602,400