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Which will have a higher effective interest rate, a payday loan for $2500 due in 17 days with a fee of $130 or a
Which will have a higher effective interest rate, a payday loan for $2500 due in 17 days with a fee of $130 or a payday loan for $2500 due in 15 days with a fee of $130? OA. A payday loan for $2500 due in 15 days with a fee of $130, because it has the shorter period B. A payday loan for $2500 due in 17 days with a fee of $130, because it has the longer period C. A payday loan for $2500 due in 15 days with a fee of $130, because it has the longer period D. A payday loan for $2500 due in 17 days with a fee of $130, because it has the shorter period
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