you are thinking of purchasing a house. The house costs $300,000. You have $ 43,000 in cash that you can use as a down payment 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 10% per year. What will be your annual payment if you sign this mortgage?

The annual payment is ? Round to the nearest dollar.)