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You just received an offer in the mail to transfer your $10,000 balance from your current credit card, which charges an annual rate of 12.9%,

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You just received an offer in the mail to transfer your $10,000 balance from your current credit card, which charges an annual rate of 12.9%, to a new credit card charging a rate of 8.9%. How much faster could you pay the loan off by making your planned monthly payments of $200 with the new card? S ELA 9.4 months 0 13.2 months 15.7 months O 174 months El - None of the above None of the above

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