Question 2 (5 points) Riverside Bank offers to lend you $50,000 at a rate of 7.5%, compounded monthly. Midwest Bank also offers to lend you the $50,000, but at a rate of 7.0%, compounded semiannually. How much is the difference between the effective annual rate charged by Midwest and the effective annual rate charged by Riverside? OA) 0.50% B) 0.38% OC) 0.56% D) 0.64% E) 0.42%