(Floating-rate loans) After looking at a fixed rate loan, Ace Campbell Mfg. entered into a floating-rate loan agreement. This loan is set at 40 basis points (or 0.40 percent) over an index based on LIBOR. Ace Campbell is concerned that the LIBOR index may go up, causing the loan to climb. That concern comes from the fact that the rate on the loan adjusts weekly based on the closing value of the LIBOR index for the previous week. Fortunately for Ace Campbell, this loan has a maximum annual rate of 2.20 percent. It also has a minimum annual rate of 1.50 percent. Given the following information, calculate the interest rate that Ace Campbell would pay during weeks 2 through 10. Date Week 1 Week 2 Week 3 | Wook 4 Week 5 Week 6 LIBOR 1.98% 1.66% 1.52% 1.35% 1.60% 1.63% The rate of interest for week 2 %. (Round to two decimal places.) The rate of interest for week 3 is % (Round to two decimal places) The rate of interest for week 4 is % (Round to two decimal places) The rate of interest for work is % (Round to two decimal places) The rate of interest for week 6 % (Round to two decimal places) The rate of interest for week is % (Round to two decimal places) Enter your answer in each of the answer boxes, (Floating-rate loans) After looking at a fixed-rate loan, Ace Campbell Mfg. entered into a floating-rate loan agreement. This loan is set at 40 basis points (or 0.40 percent) over an index based on LIBOR. Ace Campbell is concomed that the LIBOR index may go up, causing the loan to climb. That concern comes from the fact that the rate on the loan adjusts weekly based on the closing value of the LIBOR index for the previous week. Fortunately for Ace-Campbell, this loan has a maximum annual rate of 2.20 percent. It also has a minimum annual rate of 1.50 percent. Given the following information, calculate the interest rate that Ace-Campbell would pay during weeks 2 through 10. Dato LIBOR Wook 1 1.98% Week 2 1.66% Week 3 1.52% Week 4 1.35% Week 5 1.60% Week 6 1.63% The rate interest for week 5 is 1%. (Round to two decimal places) The rate of interent for wook 6 in % (Round to two decimal places) The rate of interest for week 78 % (Round to two to two decimal places.) The rate of interest for wook 8 is % (Round to two decimal places.) The rate of interest for week is []%. (Round to two decimal places.) The rate of interest for wook 10 in % (Round to two decimal places) Enter your answer in each of the answer boxen Ace-Campbell would pay during weeks 2 through 10. Date LIBOR Week 1 1.98% Week 2 1.66% Week 3 1.52% Week 4 1.35% Week 5 1.60% Week 6 1.63% Week 7 1.67% Week 8 1.88% Week 9 1.93% (Click on the icon in order to copy its contents into a spreadsheet) The rate of interest for week 2 is 1. %. (Round to two decimal places.)