The sale once you pay off the? mortgage

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Reference no: EM131875973

You have just sold your house for $1,100,000in cash. Your mortgage was originally a? 30-year mortgage with monthly payments and an initial balance of $800,000. The mortgage is currently exactly? 18½ years? old, and you have just made a payment. If the interest rate on the mortgage is 5.25% (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: EM131875973

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