(1)Emily Morrison purchased a new house for $100,000. She paid $40,000 upfront and agreed to pay the rest over the next 20 years in 20 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 $100,000 and paid $40,000 upfront. How much does she need to borrow to purchase the house(Round to the nearest dollar.)

(2)To pay for your education, you've taken out $23,000 in student loans. If you make monthly payments over 11 years at 8 percent compounded monthly, how much are your monthly student loan payments? The monthly payment of your student loan is ? (Round to the nearest cent.)

(3)To buy a new house, you must borrow $160,000. To do this, you take out a $160,000, 35-year, 8 percent mortgage. Your mortgage payments, which are made at the end of each year (one payment each year), include both principal and 8 percent interest on the declining balance. How large will your annual payments be? The amount of your annual payment will be $?. (Round to the nearest cent.)

(4)To buy a new house, you must borrow $160,000. To do this, you take out a $160,000, 35-year, 8 percent mortgage. Your mortgage payments, which are made at the end of each year (one payment each year), include both principal and 8 percent interest on the declining balance. How large will your annual payments be? The amount of your annual payment will be $? (Round to the nearest cent.)