Riverside Bank offers to fend you $50.000 at a nominal rate of 6.25%, compounded monthly. The ioan (orincipal plus interct) must be repaid at the end of the year. Midwest Bank also offers to lend you the $50,000, but it will charge an annual rate of 7.0\%, with no interest due until the end of the year. What's the difference in the effective annual rates charged by the two. banks? 0.57% 0.33% 0.37% 0.67% 0.49% Question 13 Recently. Hale Corporation announced the sale of 2.5 million newly issued shares of its stock at a price of $21 per share. Hate