Question: You have just sold your house for $ 1 , 1 0 0 , 0 0 0 in cash. Your mortgage was originally a 3

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 $ 720,000. The mortgage is currently exactly 18.5 years old, and you have just made a payment. If the interest rate on the mortgage is 6.75%(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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