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8. True or False: A person only pays interest on the balance remaining at the end of the

billing cycle.
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User Nswamy
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Answer: True.

Step-by-step explanation: A person only pays interest on the balance remaining at the end of the billing cycle. If you carry a balance beyond the grace period, your credit card issuer will charge interest. Each month you carry a balance over from the previous month, you’ll have a finance charge added to your balance.

User Evon
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