You have just sold your house for $ 1000000 in cash. Your mortgage was originally a 30-year mortgage with monthly payments and an initial balance of $ 750 comma 000. The mortgage is currently exactly 18½ years old, and you have just made a payment. If the interest rate on the mortgage is 7.75 % (APR), how much cash will you have from the sale once you pay off the mortgage?

cash will you have from the sale once you pay off the mortgage is $ 510194.55

Explanation:

given data

sold your house = $1000000

time t = 30 year  = 360 month

initial balance P = $750,000

mortgage currently exactly = 18½ years  = 138 months

interest rate r = 7.75 % = 0.646% per month

solution

we get here monthly loan payment  that is

C = P ÷        ...............1

Putting values in formula we get

C = 750,000 ÷    

C = $5374.12

so monthly payment is $5374.12

and here Balance after 18.5 year will be

Balance after 18.5 year  = $5374.12  ×   ×        

Balance after 18.5 year  = $489805.45

and  

we received here $1000,000 excess cash received is

cash received = 1000,000 - 489805.45

cash received = $ 510194.55

typically a loft will include modern kitchen and bathrooms, this increases the price tag. lofts also have a good amount of open space, this requires more heating and electricity. lofts are also in older buildings, this means that maintaining the location increases the bill. keep in mind this is without talking about the high state and property taxes.

i hope this you! : )

the correct answer option is b. a single paragraph.

explanation:

when you are thinking about paragraph​ topics, you should always choose a subject that can be adequately addressed in a single paragraph.

a paragraph is a piece of writing consisting of a few sentences that deal with a single theme. it has only a single idea that the paragraph revolves around and talks about.

so a paragraph topic must be chosen wisely where a single idea can be communicated in a single paragraph.