Your mortgage is a 30-year fixed at 8% on $150,000. You are considering refinancing at 3. 5% fixed for 30 years. The bank charges you 1. 5% of your debt in closing fees. Approximately how long will it take you to recoup the closing fees from the reduced loan payment amount?

Jessica wants to get a credit card, but the bank is refusing to give her one. what could be the possible reason behind the bank's refusal to comply with jessica's request? a. she does not have an account with the bank b. she has a bad credit history c. she has a good credit history d. she is 18 years old e. she doesn't have a job