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(Related to Checkpoint 9.1) (Floating-rate louns) The Bensington Glass Company ertored info a loan agreement wen the firmis bank to finance the firm's working capital.

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(Related to Checkpoint 9.1) (Floating-rate louns) The Bensington Glass Company ertored info a loan agreement wen the firmis bank to finance the firm's working capital. The loan calfod for a foating rate that was 29 basis points (0. 29 percent) over an ndox based con 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 2.15 percent and a minimum of 1.73 percent. Caloulate the rate of interest for weeks 2 through 10. The rate of interest for week 2 is 6. (Round lo two decimai places:) (Related to Checkpoint 9.1) (Floating-rate louns) The Bensington Glass Company ertored info a loan agreement wen the firmis bank to finance the firm's working capital. The loan calfod for a foating rate that was 29 basis points (0. 29 percent) over an ndox based con 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 2.15 percent and a minimum of 1.73 percent. Caloulate the rate of interest for weeks 2 through 10. The rate of interest for week 2 is 6. (Round lo two decimai places:)

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