Question

In: Finance

You have just sold your house for $ 1,100,000 in cash. Your mortgage was originally a?...

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 $ 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? 1.Cash that remains after payoff of mortgage is ?$_____ (Round to the nearest dollar).

Solutions

Expert Solution

SEE IMAGES

WE TAKE GREAT CARE IN PROVIDING SOLUTIONS TO YOU. BUT OCCASSIONALLY MISTAKES CAN HAPPEN.

SO IF THAT HAPPENS, LET US KNOW, WILL CORRECT IT. ANY DOUBTS, FEEL FREE TO ASK

HAPPY TO HELP YOU

jeff jeffy answered 2 years ago
Next > < Previous

Related Solutions

You have just sold your house for $ 900,000 in cash. Your mortgage was originally a​...
You have just sold your house for $ 900,000 in cash. Your mortgage was originally a​ 30-year mortgage with monthly payments and an initial balance of $ 700 comma 000The 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...
You have just sold your house for $ 900 000 in cash. Your mortgage was originally...
You have just sold your house for $ 900 000 in cash. Your mortgage was originally a? 30-year mortgage with monthly payments and an initial balance of $ 800000. 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?
6. You have just sold your house for $1,000,000 in cash. Your mortgage was originally a​...
6. 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​ 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​...
You have just sold your house for $ 1,100, 000 in cash. Your mortgage was originally...
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 $ 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 7.75 % ​(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...
You have just sold your house for$1,000,000 in cash. Your mortgage was originally a​ 30-year mortgage...
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​ 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.) Cash that remains...
You have just sold your house for $1,000,000 in cash. Your mortgage was originally a 30-year...
You have just sold your house for $1,000,000 in cash. Your mortgage was originally a 30-year mortgage with monthly payments and had an initial balance of $800,000. The mortgage is currently exactly 18.5 years old, and you have just made a payment. If the interest rate on the mortgage is 5.25% p.a. (with monthly compounding), how much cash will you have from the sale once you pay off the mortgage? (Round to the nearest dollar). a. $540.661 b. $459,340 c....
You have just sold your house for $1,000,000 in cash. Your mortgage was originally a​ 30-year...
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​ 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 $900,000 in cash. Your mortgage was originally a​ 30-year...
You have just sold your house for $900,000 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 7.75% ​(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 $900,000 in cash. Your mortgage was originally a? 30-year...
You have just sold your house for $900,000 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? 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? ?
You have just sold your house for $900,000 in cash. Your mortgage was originally a​ 30-year...
You have just sold your house for $900,000 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 7.75% ​(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.)...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT