Question: help A consumer loan advertises a 14% interest rate compounded monthly. What is the annual percentage yield (APY)? Round answers to the nearest hundredth of

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A consumer loan advertises a 14% interest rate compounded monthly. What is the annual percentage yield (APY)? Round answers to the nearest hundredth of a percent. For example, 0.03845 = 3.85% (but don't include the % in your response)

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