6. Karim Darmati must pay a $6,750 furniture bill. A finance company will loan Karim $6,750 for 8 months at a 10.20% discount rate. The finance company told Karim that if he wants to receive exactly $6,750, he must borrow more than $6,750. M = Proceeds 1 -(D)(T) a. Calculate Karim's loan request. (Do not round intermediate calculations. Round your final answer to the nearest cent.) Loan request $ 7,242.49 b. Calculate the effective rate of interest. (Do not round intermediate calculations. Round your final answer to the nearest hundredth percent.) Effective rate of interest 10.94 %