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You have just sold your house for $ 9 0 0 , 0 0 0 in cash. Your mortgage was originally a 3 0 -

You have just sold your house for $900,000 in cash. Your mortgage was originally a 30-year mortgage with monthly payments and an initial balance of $825,000. The mortgage is currently exactly
19.5 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.)
a. What is the discount rate for the mortgage?
The discount rate for the mortgage is ,%.(Round to six decimal places to answer, but carry full precision for remaining calculations.)
b. What is the monthly mortgage payment?
The monthly mortgage payment is $,.(Round to the nearest cent, for example, 1234.56 to answer, but carry full precision for remaining calculations.)
c. What is the remaining balance on the mortgage?
The remaining balance is $,(Round to the nearest cent.)
d. How much cash will you have from the sale once you pay off the mortgage?
The amount of cash left over from the sale is $,.(Round to the nearest cent.)
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