How much cash will you have from the sale once you pay off

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Reference no: EM131988426

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 $750,000.

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.)

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 $750,000.

The mortgage is currently exactly 18 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: EM131988426

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