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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 than six decimal​ places.)

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jeff jeffy answered 1 year ago
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