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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 $ 900,000 in cash. Your mortgage was originally a30-year mortgage with monthly payments and an initial balance of $ 700,000. The mortgage is currently exactly 18.50 years old, and you have just made a payment. If the interest rate on the mortgage is 6.25%(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 1
The discount rate is
enter your response here% per month.(Round to five decimal places.)
Part 2
The monthly mortgage payment is $
enter your response here. (Round to the nearest cent.)
Part 3
The remaining balance is $
enter your response here. (Round to the nearest dollar.)
Part 4
The cash that remains after payoff of the mortgage is $
enter your response here. (Round to the nearest dolla)

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