$3)$ Donna$$s Jerseys, an online retailer of half$-$and$-$half jerseys for fans of split loyalties, is considering whether it wants to take out a $$50,000,9-$month loan. Due to the somewhat risky nature of its business, the lender is requiring prime $+3\mathrm{.}5($assume that the prime rate is currently $6\%.)$ Also due to the risk involved, the lender is requiring that the loan be discounted. Calculate the effective rate on this loan.