A Bank offers to lend you $75,000 at a nominal interest rate of 9%, compounded monthly. The loan (principal plus interest) must be repaid at the end of the year. B Bank also offers to lend you the $75,000, but it will charge an annual rate of 10%, with no interest due until the end of the year. How much higher or lower is the effective annual rate charged by B Bank versus the rate charged by A Bank?