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=Quest on resp Related to Checkpoint 9.1) (Floating rate loans) The Bensington Glass Company entored into a loan agreement with the fim's bank to inance

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=Quest on resp Related to Checkpoint 9.1) (Floating rate loans) The Bensington Glass Company entored into a loan agreement with the fim's bank to inance the fim's working capital The loan called for a floating rate that was 27 basis points (0 27 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 Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 191% 1 59% 1 52% 139% 156% 1 66% 173% 107 dll The rate of interest for week 2 is[]% (Round to two decimal places ) Enter your answer in the answer box and then click Check Answer 18 :ertsning

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