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( Related to Checkpoint 9 . 1 ) ( Floating - rate loans ) The Bensington Glass Company entered into a loan agreement with the
Related to Checkpoint Floatingrate 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 for a floating rate that was basis
points 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 percent and a minimum of
percent. Calculate the rate of interest for weeks through
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