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Your have just sold your house for $ 1 , 0 0 0 , 0 0 0 in cash. Your mortgage was originally a 3
Your 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 how much cash will you have from the sale once you pay off the mortgage? Ignore any real estate transaction costs.
The discount rate is per month. Round to five decimal places.
The monthly mortgage payment is $Round to the nearest cent.
The remaining balance is $Round to the nearest dollar.
The cash that remains after payoff of the mortgage is $Round to the nearest dollar.
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