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10-03-2020
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Kelly and Tim Jarowski plan to refinance their mortgage to obtain a lower interest rate. They will reduce their mortgage payments by $58 a month. Their closing costs for refinancing will be $1,690. How long will it take them to cover the cost of refinancing

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olumidechemeng olumidechemeng

11-03-2020

Answer:

How long will it take them to cover the cost of refinancing = 29months

Explanation:

Number of months = $1,690 / $58

Number of months = 29 months

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