You want to borrow $2,000 from a friend for two years, and you propose to pay her $2,200 at the end of the second year. She agrees to lend you the $2,000, but she wants you to pay her $10 of interest at the end of each month during the two years, plus $2,000 at the end of the 24th month. How much higher is the effective annual rate under your friend's proposal than under your proposal?