You are thinking of purchasing a house. The house cosis $200,000. You have $29,000 in cash that you can use as a down peyment on the house, but you need to borrow the rest of the purchase price. The bank is offering a 30-year mortgage that requires annual payments and has an interest rate of 7% per year. What wil be your annual poyment if you sign this mortgage? The annual payment in 1 (Round to the nearest dollar.) You are thinking of purchasing a hause. The house costs $200,000. You have $29,000 in cash that you can use as a down payment on the house, but you need to borrow the rest of the purchase paice. The bank it offoring a 30-yoar mortgage that requires annual payments and has an interest rate of 7% per year. What will be your annual payment if you sign this martgage? The annual paythent is 1 (Round to the nearest dollar.)