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The Michigan Crate company entered into a loan agreement with the firms bank to finance the firms working Capitol. The loan called for a floating

The Michigan Crate company entered into a loan agreement with the firms bank to finance the firms working Capitol. The loan called for a floating rate that was 29 basis points 0.29 % over an index based on LIBOR. In addition the loan adjusted weekly based on the closing value of the index for the precious week and had a maximum annual rate of 2.19% and a minimum of 1.74%. Calculate the rate of interest for each week:

1- 1.91%

2-1.59%

3-1.55%

4-1.33%

5-1.64%

6-1.65%

7-1.71%

8-1.93%

9-1.91%

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