Kelly and Tim Johnson plan to refinance their mortgage to obtain a lower interest rate. They will reduce their mortgage

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answerhappygod
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Kelly and Tim Johnson plan to refinance their mortgage to obtain a lower interest rate. They will reduce their mortgage

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Kelly and Tim Johnson plan to refinance their mortgage to obtain
a lower interest rate. They will reduce their mortgage payments by
$147 a month. Their closing costs for refinancing will be $1,760.
How long will it take them to cover the cost of refinancing? (Round
up your answer to the following whole number.) Time period
months.
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