A business analyzes a database of its 500 regular customers and finds that 78% of them place orders for $350 worth of goods three times a month. Based on this information, calculate the total amount this group spends each month.

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A business analyzes a database of its 500 regular customers and finds that 78% of them place orders for $350 worth of goods three times a month. Based on this information, calculate the total amount this group spends each month.