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Holden went on a spending spree and charged $ 1 6 , 0 0 0 to their credit card. If the card charges a 1

Holden went on a spending spree and charged $

16, 000

to their credit card. If the card charges a

17.5 %

interest rate and they want to pay it off over

7

years, what is the total cost of this spending spree?

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