Casa Loma Development is securing a permanent loan of $$10,000,000$ from Raptors Bank to settle the construction loan for a commercial project. The loan carries an annual interest rate of $10\mathrm{.}25\%$ and is amortized over $15$ years. According to Canadian mortgage rules, what would be the approximate annual debt service cost for this loan?

Question $2$ options:

$$1,292,000$

$$1,024,000$

$$1,155,000$

$$935,000$