If Closing Costs of $1,400 Are Associated with the Refinance

question 95

Multiple Choice

If closing costs of $1,400 are associated with the refinance of a mortgage that would reduce the monthly payment from $980 to $870,it would take approximately ____ months to cover these costs.

• A)6
• B)9
• C)13
• D)17
• E)22

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Definitions:

Scabies

A contagious skin condition caused by tiny mites burrowing into the skin, leading to itching and rash.

Pediculosis

A parasitic infestation of lice on the human body, often affecting areas like the head, body, or pubic region.

Eczema

A group of conditions that cause inflammation, itchiness, and redness of the skin, often due to allergic reactions or sensitivities.

Scabies

An infectious skin disease resulting from minuscule mites tunneling into the dermis, causing severe itchiness and skin eruptions.