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2. You are just back to work after a 6 month layoff, and you built up a balance of $10,000 on your Bank Three credit

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2. You are just back to work after a 6 month layoff, and you built up a balance of $10,000 on your Bank Three credit card, which charges an APR of 18.7%. You can transfer your balance to a new credit card from Oak Tree Savings, which charges an APR of 9.4%. In each case, the interest is compounded monthly. You plan to make payments of $510 per month on your debt. How many fewer payments will you have to make to pay off this debt if you transfer the balance to the new card? A. 0.36 payments B. 0.48 payments C.1.10 payments D. 1.23 payments E. 2.21 payments

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