Cash that remains after payoff of mortgage

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Reference no: EM131986727

You have just sold your house for $1100000 in cash. Your mortgage was originally a? 30-year mortgage with monthly payments and an initial balance of $ 750000. The mortgage is currently exactly? 18½ years? old, and you have just made a payment. If the interest rate on the mortgage is 6.25 % ?(APR), how much cash will you have from the sale once you pay off the? mortgage? ?(Note: Be careful not to round any intermediate steps less than six decimal? places.) Cash that remains after payoff of mortgage is ?$ _. ?(Round to the nearest? dollar.)

Reference no: EM131986727

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