please help, one of the answers are there i just dont know which one for both

A local finance company quotes a 14 percent interest rate on one-year loans. So, if you borrow $20,000, the interest for the year will be $2,800. Because you must repay a total of $22,800 in one year, the finance company requires you to pay $22,800/12, or $1,900.00, per month over the next 12 months. a. What rate would legally have to be quoted? Annual percentage rate b. What is the effective annual rate? b. What is the effective annual rate