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Your have just sold your house for $ 9 0 0 , 0 0 0 in cash. Your mortgage was originally a 3 0 -
Your have just sold your house for $ in cash. Your mortgage was originally ayear 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.
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Part
The discount rate is
enter your response here per month.Round to five decimal places.
Part
The monthly mortgage payment is $
enter your response here. Round to the nearest cent.
Part
The remaining balance is $
enter your response here. Round to the nearest dollar.
Part
The cash that remains after payoff of the mortgage is $
enter your response here. Round to the nearest dolla
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