Need interest rates for weeks 3-10

mathxl.com BU-3210-02-Fall Homework: Assignment 5 Save 1 of 8 (0 complete) HW Score: 0%, 0 of ... Score: 0 of 13 pts B9-1 (book/static) Question Help (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 30 basis points (0.30 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 2.20 percent and a minimum of 1.75 percent. Calculate the rate of interest for weeks 2 through 10. Date Week 1 Week 2 Week 3 Week 4 Week 5 LIBOR 1.98% 1.66% 1.52% 1.35% 1.60% The rate of interest for week 2 is 2.20 %. (Round to two decimal places.) The rate of interest for week 3 is %. (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer 7 parts remaining A Do HomeworkSpencer Game mathxl.com Student PlayerHomework.aspxhomeworkIDE 53 2601 2 tonia BU-3210-02-Fall Save Homework: Assignment 5 Score: 0 of 13 pts 1 of 8 (0 complete) B9-1 (book/static) HW Score: 0%, 0 of ... Hwa Question Help maximum ara el 2.20 percent anu ammum OT 1.15 percent Laicule era o interest for weeks 2 through 10. Date Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8 Week 9 LIBOR 1.98% 1.66% 1.52% 1.35% 1.60% 1.63% 1.67% 1.88% 1.93% The rate of interest for week 2 is 2.20 %. (Round to two decimal places.) The rate of interest for week 3 is % (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer parts remaining