Date Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8 Part 1 of 9 (Related to Checkpoint 9.1) (Floating-rate loans) The Bensington Glass Company entered into a loan agreement with the firm's bank to finance the firm's working capital. The loan called for a floating rate that was 28 basis points (0.28 percent) over an index based on LIBOR. In addition, the loan adjusted weekly based on the closing value of the index for the previous week and had a maximum annual rate of 2.16 percent and a minimum of 1.72 percent. Calculate the rate of interest for weeks 2 through 10. LIBOR 1.94% 1.65% 1.51% 1.33% 1.56% 1.62% 1.72% 1.93% The rate of interest for week 2 is%. (Round to two decimal places.) HW Score: 27.33%, 13.67 of 50 points O Points: 0 of 4 www Save

(Related to Checkpoint 9.1) (Floating-rate loans) The Bersington Glass Company entered into a loan agreement weh the firn's bank to finance the firm's working capitat. The loan cafled for a foating rate that was 28 basis ponts (0.28 percent) over an index based on LBOR. In adobion, the loan adjusted weeky based on the closing value of the indox for the previous week and had a maximum annuat rate of 2.16 percent and a minimum of 172 petcent. Caloulate the rato of interest for weeis 2 through 10 . The rabe of interest for week, 2 is K. (Round to two decimal places.)