(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 2.15 percent and a minimum of 1.76 percent. Calculate the rate of interest for weeks 2 through 10

Date	LIBOR
Week 1	1.91%
Week 2	1.67%
Week 3	1.46%
Week 4	1.31%
Week 5	1.61%
Week 6	1.68%
Week 7	1.72%
Week 8	1.87%
Week 9	1.87%