Paul and Sandy Moede signed an $7,370 note at Citizen's Bank. Citizen's charges a 4.5% discount rate. Assume the loan is for 290 days. a. Find the proceeds. (Use 360 days a year. Round your intermediate calculations and final answer to the nearest cent.) Proceeds 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.) Effective rate On July 9, Sheffield Company discounted at Sunshine Bank a $9,300 (maturity value), 140-day note dated April 5. Sunshine's discount rate was 8%. (Use Days in a year table.) What proceeds did Sheffield Company receive? (Use 360 days a year. Do not round intermediate calculations.) Proceeds received The Treasury Department auctioned $28 billion in 3-month bills in denominations of $10,000 at a discount rate of 5.550%. What would be the effective rate of interest? (Use calendar year. o not round intermediate calculations. Round your answer to the nearest hundredth percent.) Effective rate of interest