(Annuity payments) Emily Morrison purchased a new house for $110,000. She paid $40,000 upfront and agreed to pay the rest over the next 30 years in 30 equal annual payments that include principal payments plus 8 percent compound interest on the unpaid balance. What will these equal payments be? a. Emily Morrison purchased a new house for $110,000 and paid $40,000 upfront. How much does she need to borrow to purchase the house? $ (Round to the nearest dollar.)