Alpha Geek

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Accounting,Algebra See all
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Teaching Since: Apr 2017
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  • bachelor in business administration
    Polytechnic State University Sanluis
    Jan-2006 - Nov-2010

  • CPA
    Polytechnic State University
    Jan-2012 - Nov-2016

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    Harvard Square Academy (HS2)
    Mar-2012 - Present

Category > Business & Finance Posted 03 Aug 2017 My Price 5.00

You have just sold your house for $1,100,000 in cash. Your mortgage was originally a 30-year.

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 $700,000 6.25% (APR), how much cash will you he mortgage is currently exactly 18% years old, and you have just made a payment If the interest rate on the mortgage is have from the sale once you pay off the mortgage (Note: Be careful not to round any intermediate steps less than six decimal places s Cash that remains after payoff of mortgage is Round to the nearest dollar

Answers

Alpha Geek
(8)
Status NEW Posted 03 Aug 2017 04:08 PM My Price 5.00

PV -----------= 7-----------000-----------00 -----------R =----------- 0.-----------062-----------5/1-----------2 N----------- = -----------30*-----------12 -----------= 3-----------60 -----------Usi-----------ng -----------exc-----------el -----------fun-----------cti-----------on,----------- PM-----------T =----------- PM-----------T(R-----------,N,-----------PV)----------- PM-----------T(0-----------.06-----------25/-----------12,-----------360-----------,-7-----------000-----------00)----------- = -----------431-----------0.0-----------2 1-----------8.5----------- ye-----------ars----------- = -----------222----------- mo-----------nth-----------s M-----------ont-----------hs -----------rem-----------ain-----------ing-----------

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