You are thinking of purchasing a house. The house costs

You are thinking of purchasing a house. The house costs $ 350 comma 000. You have $ 50 comma 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?