Your Christmas ski vacation 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 18.7 percent, to a new credit card charging a rate of 9.4 percent. (Round your answers to 2 decimal places, (e.g. 32.16.)) months to pay the loan off with monthly payments of $480 on your It would have taken current card. By making your planned monthly payments of $480 on the new card, it would only take months If there was a 5 percent fee charged on any balances transferred, it would instead take months of S480 payments on the new card