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JosephGunnels:
Mitchell has decided to use a credit card to buy a new gaming system. The price of the item with tax is $318. If he makes the minimum payment of $15 each month, it will take him 26 months to pay off the debt at an 18% interest rate. The total interest will be $67.64. How much will the item cost if Mitchell uses a credit card and only makes the minimum payment each month?
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