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Business, 27.03.2020 05:53 YSGabino6019

You just received an offer in the mail to transfer the $8,000 balance from your current credit card, which charges an annual rate of 18.0 percent, to a new credit card charging a rate of 12.0 percent. You plan to make payments of $300 a month on this debt. How many fewer payments will you have to make to pay off this debt if you transfer the balance to the new card

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