Bill Blank signed an \$7,370 note at Citizen's Bank. Citizen's charges a 4.50\% discount rate. Assume the loan is for 290 days. a. Find the proceeds. (Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.) b. Find the effective rate charged by the bank. (Use 360 days a year. Do not round intermediate calculations. Round your answer to the nearest tenth percent.)