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Joseph has a current credit card balance of $21,500 with an interest rate of 19.99% APR that he plans on making monthly payments of 4%

Joseph has a current credit card balance of $21,500 with an interest rate of 19.99% APR that he plans on making monthly payments of 4% of today's balance on until his balance reaches $0. How much interest will Joseph pay on his card by the time he reduces his balance to $0.00?

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