You have just sold your house for 1 100 000 in cash your, Ask an Expert

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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 18.5 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.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92871291

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