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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 $ in cash. Your mortgage was originally a year mortgage with monthly payments and an initial balance of $ The mortgage is currently exactly years old, and you have just made a payment. If the interest rate on the mortgage is APR with semiannual 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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