(Annuity payments) To buy a new house, you must borrow $ 145,000. To do this, you take out a $145,000, 25-year, 8 percent mortgage. Your mortgage payments, which are made at the end of each year (one payment each year), include both principal and 8 percent interest on the declining balance. How large will your annual payments be? The amount of your annual payment will be $ (Round to the nearest cent.)