You have a $10,000 balance and your card charges 17.9% interest (charged monthly).

How many months will it take to pay off the debt if you only make the $200 minimum payment each month?

(Do not round your answer)

All is not lost, because you just received an offer to transfer your $10,000 balance from your current credit card to a new credit card charging a rate of 8.9% monthly. Assume you make no additional purchases with the card. If there is a 4% balance transfer fee and you continue to make $200 monthly payments, how long would it take you pay off the balance on the new card?