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If closing costs of $2,500 are associated with the refinance of a mortgage that would reduce the monthly payment from $1,040 to $978 refinance, it

If closing costs of $2,500 are associated with the refinance of a mortgage that would reduce the monthly payment from $1,040 to $978 refinance, it would take approximately ____ months to cover these costs.

32 months.

38 months.

41 months.

35 months.

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