ABC Bank offers to lend you $50,000 for one year at a quoted annual rate of 8.32% with each payment at the end of each month. DEF Bank also offers to lend you the same amount at a quoted annual rate of 8.66%, with each payment at the end of each quarter. What is the difference in the effective annual rates charged by the two banks? Group of answer choices 0.28% 0.30% 0.24% 0.32% 0.26%