Thekid6556
01.11.2019 •
Business
Your trip to galapagos islands 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 $12,000 balance from your current credit card, which charges an annual rate of 18.0 percent, to a new credit card charging a rate of 8.9 percent. how much faster could you pay the loan off by making your planned monthly payments of $250 with the new card? what if there was a fee of 2 percent charged on any balances transferred?
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