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You have just sold your house for $ 1 , 1 0 0 , 0 0 0 in cash. Your mortgage was originally a 3
You have just sold your house for $ in cash. Your mortgage was originally a year mortgage with monthly payments and an initial balance of $ The mortgage is currently exactly years old, and you have just made a payment. If the interest rate on the mortgage is APR how much cash will you have from the sale once you pay off the mortgage? Ignore any real estate transaction costs.
The monthly discount rate is Round to five decimal places.
The monthly payment for the original loan is $ Round to the nearest cent.
The remaining balance on the original mortgage loan is $ Round to the nearest cent.
The cash that remains after payoff of the mortgage is $ Round to the nearest cent.
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