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( Related to Checkpoint 9 . 1 ) ( Floating - rate loans ) The Bensington Glass Company entered into a loan agreement witn ti

(Related to Checkpoint 9.1)(Floating-rate loans) The Bensington Glass Company entered into a loan agreement witn ti loan called for a floating rate that was 26 basis points (0.26 percent) over an index based on LIBOR. In addition, the loan adjusted weekly based on the closing value of the inde for the previous week and had a maximum annual rate of 2.18 percent and a minimum of 1.76 percent. Calculate the rate of interest for weeks 2 through 10.
\table[[Date,LIBOR],[Week 1,1.96%
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