Riverside Bank offers to lend you $50,000 at a rate of 6.5%, compounded monthly. Midwest Bank also offers to lend you the $50,000, but at a rate of 7.0%, compounded annually. How much is the difference between the EFF% (or effective annual rate) charged by Midwest and the EFF% charged by Riverside? A) 0.36% OB) 0,30% C) 0.44% D) 0.24% E) 0.52%