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 $750,000. The mortgage is currently exactly 18.5 years old, and you have just made a payment. If the interest rate on the mortgage is 5.25% (APR with semi-annual compounding), 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.)

a. What is the discount rate for the mortgage? The discount rate for the mortgage is

b) Mortgage payments are ___?

c) Compute the remaning balance on the mortgage

d) Find the cash that remains after the mortgage is paid off and the house is sold.