Question
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
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 currently exactly 18.5 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?
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Reinventing The CFO How Financial Managers Can Transform Their Roles And Add Greater Value
Authors: Jeremy Hope
1st Edition
1591399459, 978-1591399452
