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(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.

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(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 for a floating rate that was 29 basis points ( 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 week and had a maximum annual rate of 2.21 percent and a minimum of 1.77 percent. Calculate the rate of interest for weeks 2 through 10 . The rate of interest for week 2 is (Round to two decimal places.) The rate of interest for week 3 is %. (Round to two decimal places.) \begin{tabular}{cc} \hline Date & LIBOR \\ \hline Week 1 & 1.97% \\ Week 2 & 1.64% \\ Week 3 & 1.52% \\ Week 4 & 1.32% \\ Week 5 & 1.64% \\ Week 6 & 1.68% \\ Week 7 & 1.74% \\ Week 8 & 1.94% \\ Week 9 & 1.91% \\ \hline \end{tabular}

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