Solved: If the interest rate on the mortgage is 625 apr how much, Business Management

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If the interest rate on the mortgage is 625 apr how much

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 $700,000. The mortgage is currently exactly? 18½ years? old, and you have just made a payment. If the interest rate on the mortgage is 6.25% ?(APR), how much cash will you have from the sale once you pay off the? mortgage.

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Business Management: If the interest rate on the mortgage is 625 apr how much

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