You have sold your house for $500,000 cash. You financed the house originally with a 25-year mortgage and the monthly payments have been $ 2,200. You have made every payment on time and you have just made your monthly payment for the end of the fifth year into the loan. The mortgage interest rate is 4.8 % (APR) compounded monthly. How much cash do you have leftover once you payout the loan?

		$160,995
		$382,852
		$339,005
		None of these responses
		$117,148

Answer rating: 100% (QA)

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