Business, 15.10.2019 18:00 trujillo03

You have just sold your house for $ 1,100,000 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 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.)

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You have just sold your house for $ 1,100,000 in cash. your mortgage was originally a 30-year mortga...

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