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Ms. Morrison is purchasing a house and needs to finance a $150,000 mortgage from the bank with an annual percentage rate (APR) of 3.8%. She is financing it over 30 years and making monthly payments. What
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Ms. Morrison is purchasing a house and needs to finance a $150,000 mortgage from

the bank with an annual percentage rate (APR) of 3.8%. She is financing it over 30
years and making monthly payments. What is the monthly payment?

User Nick Redmark
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7.4k points

1 Answer

3 votes
ms. morrison would have to pay $698.94 monthly for the next 30 years
User Prcvcc
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