How much cash will you have from the sale once you pay

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Reference no: EM131988516

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 $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 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: EM131988516

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