Part I (a) Today, you deposited $20,000 in a savings account that pays 10 percent interest compounded quarterly and are planning to use it to finish your last year's college studying. Fifteen months later, you decided to go to Japan for experiencing a working holiday rather than continuing in school, so you close your saving account. How much money will you receive from that saving deposit account? (5 marks) (b) You obtained a mortgage of $6,400,000 to buy an apartment that worth $8,000,000. The interest rate of the 25-year mortgage loan is 6 percent. Monthly payments are made at the end of each month. What would be the remaining balance of the mortgage loan after making your 120th payment? (7 marks) (c) A food company plans to purchase a machine for $115,000 that expects to generate cash flows of $12,000 every quarter. Given a relevant discount rate for this machine is 4 percent per year, how many years does it take to be breakeven