(Related to Checkpoint 6.1) (Annuity payments) Mr. Bills Preston Esq purchased a new house for $130.000 He paid $30,000 upfront and agreed to pay the rest over the next 25 years in 25 equal annual payments that include principal payments plus 12 percent compound interest on the unpaid balance What will these equal payments be? a. Mr Bills Preston, Esq, purchased a new house for $130,000 and paid $30,000 upfront How much does he need to borrow to purchase the house? s(Round to the nearest dollar)