You have just sold your house for $1,100,000 in cash. Your mortgage was originally a...
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You have just sold your house for $1,100,000 in cash. Your mortgage was originally a 30-year mortgage with monthly payments and an initial balance of $ 750 comma 000$750,000. The mortgage is currently exactly 18 years old, and you have just made a payment. If the interest rate on the mortgage is 5.25 %5.25% (APR), how much cash will you have from the sale once you pay off the mortgage? (Note: Be careful not to round any intermediate steps less than six decimal places.)
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