Ask Question
10 March, 18:30

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

+5
Answers (1)
  1. 10 March, 18:43
    0
    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
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Kelly and Tim Jarowski plan to refinance their mortgage to obtain a lower interest rate. They will reduce their mortgage payments by $58 a ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers