13 2 pts Farmers Bank offers to lend you $50,000 at a nominal rate of 5.0%, simple interest, with interest paid quarterly. Merchants Bank offers to lend you the $50,000, but it will charge 6.5%, simple interest, with interest paid at the end of the year. What's the difference in the effective annual rates charged by the two banks? 1.25% 1.71% O1.33% 1.41% 1.66% D Question 14 How much would $1, growing at 13.7% per year, be worth after 75 years? $12,773.62 $15.206.70 $15.054.63 $11.861.22 $12.469.49 2 pts