11. 69.

Calculating the number of periods [LO 6.2] Your Christmas ski trip was great, but it unfortunately ran a bit over budget. All is not lost: you just received an offer in the mail to transfer your $15 000 balance from your current credit card, which charges an annual rate of 17.5 per cent, to a new credit card charging a rate of 8.9 per cent. How much faster could you pay the loan off by making your planned monthly payments of $250 with the new card? What if there was a fee of 2 per cent charged on any balances transferred?