Wayne's credit card has an apr of 12.39% and a grace period of 19 days, and wayne pays his balance in full every month. if his last billing cycle ended on may 29, 2010, and he made his payment on june 14, 2010, did he owe any interest on his last statement's balance? a. no, because he paid within the grace period. b. no, because he didn't pay within the grace period. c. yes, because he didn't pay within the grace period. d. yes, because he paid within the grace period.

"A. No, because he paid within the grace period. "

It seems that from May 29 with a 19 days grace period, Wayne was able to pay along the grace period so no interest should be seen in the account.We appreciate your questions. Please, never hesitate to ask more in your queries. 

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.