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Question 19 2.5 pts Let's assume you invest $15,500 each year at an interest rate of 9.4%, beginning next year. Further assume that the interest

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Question 19 2.5 pts 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? $1,393,555.52 $1.643.234.12 $981,256,24 $1.245.241.23 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. 567451.44 $49,168.76 $39.238.24 $7847649

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