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4. 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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