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 $10,000 balance from your current credit card, which charges an annual rate of 18.5 percent, to a new credit card charging a rate of 9.2 percent. (Round your answers to 2 decimal places, (e.g. 32.16.)) It would have taken months to pay the loan off with monthly payments of $590 on your current card By making your planned monthly payments of $590 on the new card, it would only take months. II If there was a 4 percent fee charged on any balances transferred, it would instead take months of $590 payments on the new card