Banks sometimes quote interest rates in the form of add-on interest. In this case, if a 1-year loan is quoted with a 14% interest rate and you borrow $1,000, then you pay back $1,140. But you make these payments in monthly installments of $95.00 each. What are the true APR and effective annual rate on this loan? (Do not round intermediate calculations. Round your answers to 2 decimal places.)