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How much cash will you have from the sale

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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 $800 000. The mortgage is currently exactly 18.50 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 anyirrtermediale steps to fewer than six decimal places.) Cash that remains after payoff of mortgage is $ . (Round to the nearest dollar.)

Reference no: EM133003377

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