You are considering buying a condominium located in Sandy Hill neighborhood. The condominium is listed for $350,000. Assume that the (quoted) mortgage rate is 3.0% and that you just have the 10% (of the price of the condominium) needed for the down payment. Assuming that the 3% mortgage rate is fixed for a period of 10 years. What will your monthly mortgage payment be if you want to pay your mortgage in 10 years?

Question 1 options:

	$1,343.64
	$5,419.22
	$3,041.66
	$4,779.63
	Not enough information