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5-15. 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

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5-15. 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 18 12 years old, and you have just made a payment. If the interest rate on the mortgage is 5.25% (APR), how much eash will you have from the sale once you pay off the mortgage

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