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Credit card disclosure: "Your due date is at least 25 days after the end of the billing cycle. We will not
charge you interest on new purchases provided that you have paid your previous balance in full by the due
date each month." Identify the true statement.
The 25 days after the end of the billing cycle is referred to as the grace period
If you pay your previous balance in full after the due date, the credit card company will not charge you
interest
days is an exceptionally long period without paying a credit card bill
If you make the minimum payment on your card within the 25 day period, the credit card company will
not charge you interest
