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 26 basis points ( 0.26 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 2.17 percent and a minimum of 1.76 percent. Calculate the rate of interest for weeks 2 through 10.

date & LIBOR

Week 1 1.92& Week 2 1.62% Week 3 1.46% Week 4 1.37% Week 5 1.64% Week 6 1.62% Week 7 1.74% Week 8 1.86% Week 9 1.89%

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.)

The rate of interest for week 4 is _______% (Round to two decimal places.)

The rate of interest for week 5 is _______% (Round to two decimal places.)

The rate of interest for week 6 is _______% (Round to two decimal places.)

The rate of interest for week 7 is _______% (Round to two decimal places.)

The rate of interest for week 8 is _______% (Round to two decimal places.)

The rate of interest for week 9 is _______% (Round to two decimal places.)

The rate of interest for week 10 is _______% (Round to two decimal places.)