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 25 ( 0.25percent) 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 2.18 percent and a minimum of 1.78 percent. Calculate the rate of interest for weeks 2 through 10. Date LIBOR Week 1: 1.94% Week 2: 1.66 % Week 3: 1.47% Week 4: 1.35 % Week 5: 1.62 % Week 6: 1.65 % Week 7: 1.68% Week 8: 1.91 % Week 9: 1.93 %

Rounding to two decimal places.