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Problem 7-10 (LO7.3) Kelly and Tim Jarowski plan to refinance their mortgage to obtain a lower interest rate. They will reduce their mortgage payments by

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Problem 7-10 (LO7.3) Kelly and Tim Jarowski plan to refinance their mortgage to obtain a lower interest rate. They will reduce their mortgage payments by $56 a month. Their closing costs for refinancing will be $1,770. How long will it take them to cover the cost of refinancing? (Round your answer to the nearest whole number.) Number of months months

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