Felix and Oscar applied for the same credit card from the same bank. The bank checked both of their FICO scores. Felix had an excellent credit rating, and Oscar had a poor credit rating. a. Felix was given a card with an APR of 12%. What was his monthly percentage rate? b. Oscar was given a card with an APR of 15%. What was his monthly payment? c. If each of them had an average daily balance of $800 and had to pay a finance charge, how much more would Oscar pay than Felix?
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