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Your have just sold your house for in cash. Your mortgage was originally a 30-year mortgage with monthly payments and an initial balance of .
Your have just sold your house for in cash. Your mortgage was originally a 30-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.)
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