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 $67.451.44 $49.168.76 $39,238,24 O $78.476.49 Assume Jack will receive $600 one year from now, $800 two years from now, $1,400 three years from now, $1,750 four years from now, and $2,625 five years from now. Assuming the interest rate of 9.8% and that it will compound annually, what will be the present value of the cash inflows Jack will receive? O $6,800.00 $5,116.44 O $4,565.55 $7,300.56