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Your trip to was great, but it unfortunately ran a bit over budget. however, 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 19.8%, to a new credit card charging a rate of 6.2%. how much faster could you pay the loan off by making your planned monthly payments of $200 with the new card? what if there was a 2% fee charged on any balances transferred?
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