You are buying a house and need to borrow $150,000 (mortgage) today from the bank to pay for it. The terms of the mortgage are as follows: 30 years, annual payments (with the first one occurring one year from today), an interest rate of 3.5% per year, nothing owned at the end. What is the annual payment that the bank expects you to pay them? Please list the values you input in the financial calculation, e.g. N=, 1/Y=, PV=, and etc., or write down the formula. (Hint: this is an annuity)