(Related to Checkpoint 91 ) (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 to a foating rate that was 29 basis ponts (0 29 percent) over an index based on LIBOR. In addition, the loan adjusted weekly based on the closing value of the index for the previous weck and had a maximum annual rate of 2.19 percent and a minimum of 1.74 percent. Calculate the rate of interest for weeks 2 through 10 The rate of interest for week 2 is \%. (Round to two decimal places.)