Cash will you have from the sale once you pay off mortgage

Assignment Help Financial Management

Reference no: EM131876036

You have just sold your house for $1,000,000 in cash. Your mortgage was originally a? 30-year mortgage with monthly payments and an initial balance of $700,000. 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.)

Reference no: EM131876036

Questions Cloud

Compute the current price of the bonds : Compute the current price of the bonds if the present yield to maturity is.

How many units must he budget for production this period : He has 22,000 units of finished goods on hand and wishes to have an ending inventory of 24,000 units. How many units must he budget for production this period

What is the annual equivalent cost for the truck : If the interest rate is 12%, what is the annual equivalent cost (AEC) for the truck?

What is the booking limit for the low fare seat : On a given San Jose - New York City United Airlines flight, there are 200 seats. The high fare is $675 and the low fare is $375.

Cash will you have from the sale once you pay off mortgage : how much cash will you have from the sale once you pay off the? mortgage?

Discuss about employee relations and labor relations : Given what you have learned about employee relations and labor relations, explain whether it is possible for an HR practitioner to be an effective advocate.

What will appear on the fund financial statements : Assuming that the landfill is recorded within the General Fund, what will appear on the fund financial statements for this landfill for the year ended

Can a pmo accelerate the implementation process : Can a PMO accelerate the implementation process?Why do some executives refuse to function as project sponsors?

Create a risk pool for the individuals : Given what you know about adverse selection and risk, what, in your opinion, is the best way to provide insurance coverage to the poor and uninsured?

User Account

All Pages