You are thinking of purchasing a house. The house costs $300,000. You have $43,000 in cach that you can use as a down payment on the house, but yeu need to borrow the rest of the purchase The bank is offering a 30 -year morigage that requires annual poyments and has an interest rate of 7 wh per year, What will be your annual payment if you aign this mortgage? The annual peyment is 2 (Round to the nearest dollar.)