What is the present value of her savings net of closing cost
Problem
Kelly is reducing her mortgage payments by $150 a month. Her closing costs for refinancing will be $2,200. She has a 5% discount rate, what is the present value of her savings net of closing costs?
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Her closing costs for refinancing will be $2,200. She has a 5% discount rate, what is the present value of her savings net of closing costs?
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