A) How much does she need to borrow to purchase the house?

(Annuity payments) Emily Morrison purchased a new house for $190,000. She paid $30,000 upfront and agreed to pay the rest over the next 25 years in 25 equal annual payments that include principal payments plus 9 percent compound interest on the unpaid balance. What will these equal payments be? a. Emily Morrison purchased a new house for $190,000 and paid $30,000 upfront. How much does she need to borrow to purchase the house? $ (Round to the nearest dollar.)