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Assume Jimmy borrows $650,000 today for a house mortgage, and plans to pay back in full after paying for 25 years. If the interest rate

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Assume Jimmy borrows $650,000 today for a house mortgage, and plans to pay back in full after paying for 25 years. If the interest rate is 10.3% 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. O $67,451.44 O $49.168.76 O $39.238.24 $78.476.49

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