Nevelyn Smith is moving into a loft apartment and is required to have renters insurance to protect her personal property. She has an excellent credit rating and elects to purchase a policy that will cover $20,000 in personal property, cover $300,000 in liability, and have a deductible of $ 1,000. Nevelyn also selects an endorsement for her $8,500 engagement ring and $2,000 for her camera equipment. Find her annual renters insurance premium.