(Annuity payments) Emily Morrison purchased a new house for $200,000. 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 $200,000 and paid $40,000 upfront. How much does she need to borrow to purchase the house? (Round to the nearest dollar.)