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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 $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? ?

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Category:- Financial Management
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