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I begin the billing cycle with a $250 balance on my credit card. On the 6th day I charge $300 more onto my card.

I begin the billing cycle with a $250 balance on my credit card. On the 6th day I charge $300 more onto my card. On the 25th day I make a $450 payment leaving me with a $100 balance for the remainder of the billing cycle. If my APR is 20%, I will owe $6.74 interest. True False

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