Under the two-cycle average daily balance method for computing interes

Under the two-cycle average daily balance method for computing interest,

A)

there is a two-month grace period before any interest is owed on the unpaid balance.
B)

you will always pay more interest than under the one-cycle daily balance method.
C)

consumers who have a permanent unpaid balance will pay more interest than under the one-cycle daily balance method.
D)

a grace period applied in a previous month is eliminated if you fail to completely pay off the balance in the present month.

ANSWER

D