Tha Mier must pay a $$3,500$ furniture bill. A finance company will loan Tina $$3,500$ for $8$ months at a $12\mathrm{.}60\%$ discount rate. The finance company told Tina that if she wants to recelve exactly $$3,500,$ she must borrow more than $$3,500.$ The finance company gave Tina the following formula:

What to ask for $=$ Amount of cash to be recelved $($Discount rate $$ Time of loan$))$

a$.$ Calculate Tina's loan request.

Note: Do not round Intermediste calculations. Round your final answer to the nearest cent.

Lan request

b$.$ Cakulate the effective rate of interest.

Note: Do not round intermediate calculations. Round your final answer to the nearest hundredth percent.

Eliectivo rath of interest