Your Christmas ski vacation was great, but it unfortunately ran a bit over budget. All is not lost, because you just received an offer in the mail to transfer your $12,600 balance from your current credit card, which charges an annual rate of 20.4 percent, to a new credit card charging a rate of 11 percent.

How much faster could you pay the loan off by making your planned monthly payments of $255 with the new card? (Do not round intermediate calculations and round your final answer to 2 decimal places (e.g., 32.16).)

Number of months? _____

What if there was a 2 percent fee charged on any balances transferred? (Do not round intermediate calculations and round your final answer to 2 decimal places (e.g., 32.16).)

Number of months? _____