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question archive You graduate from a college and find a good paying job

You graduate from a college and find a good paying job

Subject:FinancePrice:2.86 Bought4

You graduate from a college and find a good paying job. You decide that you want to buy a house.  There is a house you like which is selling for $150,000 now.  Suppose you pay 20% down and you qualify for a 3% APR, 30-year mortgage paid at the end of each month.  How much would be your monthly payment that begins at the end of current month (rounded to the nearest dollar)?

 

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