(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 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 2 through 10. Date LIBOR Week 1 % Week 2 % Week 3 % Week 4 % Week 5 % Week 6 % Week 7 % Week 8 % Week 9 % (Click on the icon in order to copy its contents into a spreadsheet.) Question content area bottom Part 1 The rate of interest for week 2 is enter your response here%. (Round to two decimal places.) Part 2 The rate of interest for week 3 is enter your response here%. (Round to two decimal places.) Part 3 The rate of interest for week 4 is enter your response here%. (Round to two decimal places.) Part 4 The rate of interest for week 5 is enter your response here%. (Round to two decimal places.) Part 5 The rate of interest for week 6 is enter your response here%. (Round to two decimal places.) Part 6 The rate of interest for week 7 is enter your response here%. (Round to two decimal places.) Part 7 The rate of interest for week 8 is enter your response here%. (Round to two decimal places.) Part 8 The rate of interest for week 9 is enter your response here%. (Round to two decimal places.) Part 9 The rate of interest for week 10 is enter your response here%. (Round to two decimal places.)