Homework: 4-1 MyFinanceLab Assignment Related to Checkpoint 9.1) (Floating rate loans) The Bensington Glass Compared based on the desig value of the index for the previous week and had a maximaal Dane LIBOR 1.90% Week 2 1.63% Week 3 151% Wiek 4 1,35% 14% Week 5 W 139% Week? 174% Welk 100% Week 9 194% The rate of andet for week 2 www. Question 1,9-1(x) MESLENING ANNE JONGE LAG Mets Homework: 4-1 MyFinanceLab Assignment Question 1, P9-1 (similar to) Part 1 of 9 (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 f based on the closing value of the index for the previous week and had a maximum annual rate of 2.18 percent and a minimum of 1.77 percent. Calculate the rate of interest for weeks 2 throug Date LIBOR 1.89% Week 1 Week 2 1.63% Week 3 1.54% Week 4 1.36% Week 5 1.62% Week 6 1.62% Week 7 1.74% Week 8 1.88% Week 9 1.86% The rate of interest for week 2 is% (Round to two decimal places) Question 1, P9-1 (similar to) HW Score: 8%, 4 of 50 points > Part 1 of 9 Points: 0 of 4 an agreement with the firm's bank to finance the firm's working capital. The 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 em ercent and a minimum of 1.77 percent. Calculate the rate of interest for weeks 2 through 10 -Cutt Part 1 of 9 Points: 0 of 4 ank to finance the firm's working capital The loan called for a floating rate that was 28 basis points (0.28 percent) over att index based on LBOR. In add th percent. Calculate the rate of interest for weeks 2 through 10. Com Save