business question number 1 and 2

Apple Untitled - Paint File View Home X cut the Copy 4 Crop Resize OLA Outline Ful Size Select Paste Color Color Edit colors Et Pain Rotate - Brushes Colors Shapes Clipboard Tools Image You have just sold your house for 5900.000 in cash. Your mortgage was originally a 30-year mortgage with monthly payments and an initial balance of 5750.000. The mortgage is currently exactly 18 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? (Note: Be careful not to round any intermediate steps less than a decimal places) Cash that remains after payoff of mortgage in s (Round to the nearest dollar) number 1 You have an outstanding student loan with required payments of $500 per month for the next four years. The interest rate on the loan is 10% APR (compounded monthly). Now that you realize your best investment is to prepay your student loan, you decide to prepay as much as you can each month. Looking at your budget you can afford to pay an extra $175 a month in addition to your required monthly payments of $500, or $675 in total each month. How long will it take you to pay off the loan? (Note: Be careful not to round any intermediate steps less than six decimal places) The number of months to pay off the loan is I (Round to two decimal places) number 2 100% 19 980 x 805px 3 px