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11 March, 06:12

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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  1. 11 March, 06:28
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    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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