Kelly and Tim Brown plan to refinance their mortgage for a lower interest rate. They will reduce
Question:
Kelly and Tim Brown plan to refinance their mortgage for a lower interest rate. They will reduce their mortgage payment by $83 a month.
Their closing cost for refinancing will be $1,670. How long will it take them to recover the cost of refinancing?
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Related Book For
Personal Finance
ISBN: 978-1259720680
12th edition
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
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