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 $12,400 balance from your current credit card, which charges an annual rate of 20.2 percent, to a new credit card charging a rate of 10.8 percent.

How much faster could you pay the loan off by making your planned monthly payments of $245 with the new card? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Number of months

What if there was a 3 percent fee charged on any balances transferred? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Number of months