Assume Jimmy borrows $1,050,000 today for a house mortgage, and plans to pay back in full after paying for 35 years. If the interest rate is 9.6% and it will compound semiannually, how much should Jimmy pay each year? HINT: Remind yourselves of the fact that the value of "payment" you will obtain either by hand or a financial calculator reflects payment per one period, which may not necessarily reflect what you pay in a year. $95,643.24 $92,256,35 $52,366,83 $104.733.66