Which will have a higher effective interest rate — a payday loan for $1900 that is due in 14 days with a fee of $80, or a payday loan for $1900 that is due in 12 days with a fee of $80? a. a payday loan for $1900 that is due in 12 days with a fee of $80, since it has the longer period b. a payday loan for $1900 that is due in 14 days with a fee of $80, since it has the shorter period c. a payday loan for $1900 that is due in 14 days with a fee of $80, since it has the longer period d. a payday loan for $1900 that is due in 12 days with a fee of $80, since it has the shorter period