Let's assume you invest $15,500 each year at an interest rate of 9.4%, beginning next year. Further assume that the interest rate will compound annually. What is the future value of this periodic investment 25 years from now? O $1,393,555.52 O $1,643,234.12 O $981,256.24 O $1.245,241.23 D Question 20 2.5 pts 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 O $39,238.24 O $78.476.49