Question: please show all work H Homework: Chapter 5 Save Score: 0 of 2 pts 9 of 15 (15 complete) HW Score: 87.65%, 23.67 of 27
H Homework: Chapter 5 Save Score: 0 of 2 pts 9 of 15 (15 complete) HW Score: 87.65%, 23.67 of 27 pts X P5-21 (similar to) Question Help You have just sold your house for $900,000 in cash. Your mortgage was originally a 30-year mortgage with monthly payments and an initial balance of $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 525% (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) sty Cash that remains after payoff of mortgage is 5 (Round to the nearest dollar) arre ame je: ten te Q (2/2) B(1/1) 12 (4/4) ou
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
