You have just sold your house for

$1,050,000

in cash. Your mortgage was originally a

30-year

mortgage with monthly payments and an initial balance of

$780,000.

The mortgage is currently exactly

18.5

years old, and you have just made a payment. If the interest rate on the mortgage is

5.75%

(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 six decimal places.)

You have just sold your house for $1,050,000 in cash. Your mortgage was originally a 30 -year mortgage with monthly payments and an initial balance of $780,000. The mortgage is currently exactly 18.5 years old, and you have just made a payment. If the interest rate on the mortgage is 5.75% (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 six decimal places.) Cash that remains after payoff of mortgage is $ (Round to the nearest cent.)