Emily Morrison purchased a new house for $100,000.

She paid $30,000

upfront and agreed to pay the rest over the next 30

years in 30

equal annual payments that include principal payments plus 14

percent compound interest on the unpaid balance. What will these equal paymentsbe?

Emily Morrison purchased a new house for $100,000 and paid $30,000 upfront. How much does she need to borrow to purchase thehouse?

If Emily agrees to pay the loan over the next 30 years in 30 equalend-of-year payments plus 14 percent compound interest on the unpaidbalance, what will these equal paymentsbe?