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3 Kelly and Tim Browne plan to refinance their mortgage to obtain a lower interest rate. The Browns will reduce their mortgage payments by $164

3 Kelly and Tim Browne plan to refinance their mortgage to obtain a lower interest rate. The Browns will reduce their mortgage payments by $164 a month and incur closing costs of $2,130 as a result of refinancing. 25 points How long will it take them to recover the cost of refinancing? (Round your answer to 1 decimal place.) Recovery time months eBook Print References

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