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Mary and Joe Belinksy went out to dinner for Valentines Day and paid for the meal using a credit card that has an APR of
Mary and Joe Belinksy went out to dinner for Valentines Day and paid for the meal using a credit card that has an APR of 20 percent. If they make only minimum payments each month, and do not repay the $100 cost of the dinner until 12 months later, how much did the dinner actually cost them?
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