You are thinking of purchasing a house. The house costs $350,000. You have $50,000 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 5% per year. What will be your annual payment if you sign this mortgage? The annual payment is $. (Round to the nearest dollar) XP 4-35 (similar to) Question Help Hou You are thinking of purchasing a house. The house costs $360,000. You have $50,000 in cash that you can use as a down payment on the house, but you need to Dow borrow the rest of the purchase price. The bark is offering a 30-year mortgage that requires annual payments and has an interest rate of 5% per year. What will be your annual payment if you sign this mortgage? Loan The annual payment is $. (Round to the nearest dollar.) Anne whe Ann