You are thinking of purchasing a house. The house costs $ 250,000 . You have $ 36,000 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 7% per year. What will your annual payment be if you sign up for this? mortgage? The annual payment is ?