You are thinking of purchasing a house. The house costs $ 400 comma 000

$400,000. You have $ 57 comma 000

$57,000 in cash that you can use as a down payment on thehouse, but you need to borrow the rest of the purchase price. The bank is offering a 30

30-year mortgage that requires annual payments and has an interest rate of 9 %

9% per year. What will your annual payment be if you sign up for thismortgage?