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 $13,000 balance from your current credit card, which charges an annual rate of 20.8 percent, to a new credit card charging a rate of 11.4 percent.

(Please just anser the second question, I need in terms of number of months)

How much faster could you pay the loan off by making your planned monthly payments of $275 with the new card?

What if there was a 3 percent fee charged on any balances transferred?