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(Annuity payments) Emily Morrison purchased a new house for $200,000. She paid $60,000 upfront and agreed to pay the rest over the next 10 years

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(Annuity payments) Emily Morrison purchased a new house for $200,000. She paid $60,000 upfront and agreed to pay the rest over the next 10 years in 10 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 $200,000 and paid $60,000 upfront. How much does she need to borrow to purchase the house? $ 140000.00 (Round to the nearest dollar.) b. If Emily agrees to pay the loan over the next 10 years in 10 equal end-of-year payments plus 9 percent compound interest on the unpaid balance, what will these equal payments be? $ (Round to the nearest cent.)

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