Tina Mier must pay a $1,500 furniture bill. A finance company will loan Tina $1,500 for 8 months at a 9.30% discount rate. The finance company told Tina that if she wants to receive exactly $1,500, she must borrow more than $1,500. The finance company gave Tina the following formula: Whattoaskfor=1(DiscountrateTimeofloan)Amountofcashtobereceived a. Calculate Tina's loan request. (Do not round intermediate calculations. Round your final answer to the nearest cent.) b. Calculate the effective rate of interest. (Do not round intermediate calculations. Round your final answer to the nearest hundredth percent.)