(Annuity payments) Emily Morrison purchased a new house for $190,000. 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 8 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 $40,000 upfront. How much does she need to borrow to purchase the house? $ (Round to the nearest dollar.) b. If Emily agrees to pay the loan over the next 20 years in 20 equal end-of-year payments plus 8 percent compound interest on the unpaid balance, what will these equal payments be? Round to the nearest cent.)