The glass company entered into a loan agreement with the firms bank to finance the firms working capital. Then loan called for a floating rste that has 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 2.25% and a minimum of 1.79% calculate the rate of interest for weeks to through 10.

DATE. LIBOR

week 1. 1.92%

week 2. 1.65%

week 3. 1.54%

week 4. 1.34%

week5. 1.61%

week 6 1.62%

week 7. 1.68%

week 8. 1.93%

week 9. 1.88%