Question: Question 28 3 pts The regular payback period is often used to make the mortgage refinance decision. Suppose that the closing costs of refinancing is

Question 28 3 pts The regular payback period is often used

Question 28 3 pts The regular payback period is often used to make the mortgage refinance decision. Suppose that the closing costs of refinancing is $2,400, and the monthly savings you can enjoy from the lower payment because of the refinancing is $150. It would make sense for you to refinance your mortgage if you plan to stay in the same house for the next 2 years or longer. False True

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