Question: PLease round to 2 decimal places for weeks 2 through 10 please (Related to checkpoint 9.1) [Floating-rate loans) The Bensingten Glass Company entered into a

PLease round to 2 decimal places for weeks 2 through 10 please

(Related to checkpoint 9.1) [Floating-rate loans) The Bensingten Glass Company entered into a loan agreement with the rm's bank to nance the rm's working capital The loan called [or a oating rate that was 28 basis points (I) 28 percent) over an index based on LIBOR In addition, the lean adjusled weekly based on the closing value of the index {or the preVIous week and had a maximum annual rate ("2 15 percent and a minimum uf1 73 percent Calculate the rate of inleres1 for weeks 2 through 10 e Week 1 1.96% Week 2 1 62% Week 3 1 55% Week 4 1 31% Week 5 1 55% Week 6 1 67% Week 7 1 74% Week 3 1 94% Week 9 1 91% The rate of interest for week 2 is % (Round to two decimal places)
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