Hi,

I am having issues with the formualas for the below question for weeks 3-10

(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. Th loan called for a floating rate that was 28 basis points ( 0.28 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 2.23 percent and a minimum of 1.79 percent. Calculate the rate of interest for weeks 2 through 10 . The rate of interest for week 2 is The rate of interest for week 3 is %. (Round to two decimal places.) %. (Round to two decimal places.)