For this question there's no rounding in between calculations only the final answer can be rounded to the nearest cent. The question is: you bought a house worth $325,000. You pay 25% of the purchase price in cash and arranged a 30 year mortgage with a rate of 4.5% compounded semiannually for the remaining balance. The mortgage has an amortization period Of 30 years. how much will your monthly payments be (starting at the end of the first month)