PLEASE SHOW ALL WORK   10. Tina Mier must pay a $2,000 furniture bill. A finance company will loan Tina $2,000 for 8 months at a 9% discount rate.The finance company told Tina that if she wants to receive exactly $2,000, she must borrow more than $2,000. The finance company gave Tina the following formula: What to ask for =   Amount in cash to be received 1 – (Discount X Time of Loan) Calculate Tina’s loan request and the effective rate of interest to the nearest hundredth percent.

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