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If closing costs of $1,900 are associated with the refinance of a mortgage that would reduce the monthly payment from $1,140 to $1,072 refinance, it would take approximately ____ months to cover these costs. (Round your answer to the nearest full month.)

Answer :

Answer:

28 Months

Step-by-step explanation:

(1140-1072)= 68

(1900/68)=27.9 ~ 28

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