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You have just sold your house for $ 9 5 0 , 0 0 0 in cash. Your mortgage was originally a 2 5 -

You have just sold your house for $950,000 in cash. Your mortgage was originally a 25-year mortgage with monthly payments and an initial balance of $700,000. The mortgage is currently exactly 18.5 years old, and you have just made a payment. If the interest rate on the mortgage is 6.25%(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.)
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