FIN360 Business Flnance Fall 20T8 rch ,Homework: Chapter 5 Homework Save Score: 0 of 1 pt 6 of 9 (4 complete) HW Score: 50%, 6 of 12 pts l a P 5-21 (similar to) Question Help 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 $800,000. The mortgage is current y exactly 18% years old and you have ust made a payment. If the interest rate on the mortgage is 6.25% (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.) Cash that remains after payoff of mortgage is s (Round to the nearest dollar) Enter your answer in the answer box and then click Check Answer Clear All Check Answer All parts showing More Answers Professor7 answered this Was this answer helpful?1