Question
In: Finance
You have just sold your house for $ 1 comma 000 comma 000 in cash. Your...
You have just sold your house for $ 1 comma 000 comma 000 in cash. Your mortgage was originally a? 30-year mortgage with monthly payments and an initial balance of $ 800 comma 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.)
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FINAL ANSWER = $ 516036.57
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jeff jeffy answered 2 years agoRelated Solutions
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5.25%
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