-1. (Computing floating-rate loans) (Related to Checkpoint 9.1 on page 292) The Bensington Glass Company entered into a loan agreement with the firm's bank to finance the firm's working capital. The Joan called for a floating interest rate that was 30 basis points ( 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 2.2 percent and a minimum annual rate of 1.75 percent. Calculate the rate of interest for Weeks 2 through in