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for the following each week (Related to Checkpoint 9.1) (Floating-rate loans) The Bensington Glass Company entered into a loan agreement with the ferm's bank to
for the following each week (Related to Checkpoint 9.1) (Floating-rate loans) The Bensington Glass Company entered into a loan agreement with the ferm's bank to finance the frmis working captal. The loan previous week and had a maxmum arrual rate of 2.23 percent and a minmum of 1.72 percent. Calculate the rate of inforest for weeks 2 through 10 . The rate of internst for wesk 2 is 5. Round to two decma/ places.)
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