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Jennifer owed her uncle $300 for books for her spring semester classes. Jennifer called her uncle and tendered payment on June 1st, but did not

Jennifer owed her uncle $300 for books for her spring semester classes. Jennifer called her uncle and tendered payment on June 1st, but did not see her uncle to make the payment until June 15th. If her uncle is charging Jennifer interest on the loan, the interest stopped accruing on June 1st. TRUE OR FALSE

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