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Ilya [14]
3 years ago
10

Kelly and Tim Browne plan to refinance their mortgage to obtain a lower interest rate. The Browns will reduce their mortgage pay

ments by $148 a month and incur closing costs of $2,500 as a result of refinancing. How long will it take them to recover the cost of refinancing?
Business
1 answer:
shtirl [24]3 years ago
6 0

Answer:

16.9 months

Explanation:

Recovery time = Refinancing cost / Monthly savings

= $2,500 / $148

= 16.9 months

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Gamma Corp. is planning to bring in new internal standards for all the products it manufactures. The new standards will ensure b
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<h3>What is a Force-field analysis?</h3>

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3 years ago
A nation has a workforce of 500 workers. In every month, 10 workers leave jobs, and 10 different workers tind jobs However, ther
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8 0
4 years ago
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4 0
3 years ago
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Explanation:

From the question, we are told that Tom is talking to his friend Bob, who has an interest in Freedom, LLC, about buying his LLC interest. Bob's outside basis in Freedom, LLC, is $7,000 which includes his $1,900 one-fourth share of the LLC's debt. Bob's 704(b) capital account is $14,000. We are further told that Tom bought Bob's LLC interest for $11,000.

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4 0
4 years ago
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