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Business, 15.04.2021 21:00 Haddy7202

Henry would like to transfer the $5,000 balance from his current credit card, which charges an annual rate of 18.7 percent, to a new credit card charging a rate of 7.9 percent. He will make payments of $250 a month on this debt. How many fewer payments will he have to make to pay off this debt if he transfers the balance to the new card?

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