tia Homework: 7-1 MyFinanceLab Assignment Save hent . Score: 0 of 4 pts 1 of 12 (o complete) HW Score: 0%, 0 of 50 P9-1 (similar to) Question Help (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 27 basis points (0.27 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 2.19 percent and a minimum of 1.78 percent. Calculate the rate of interest for weeks 2 through 10. Bra Date Week 1 Week 2 Week 3 Week 4 Week 5 LIBOR 1.95% 1.63% 1.40% 1.36% 1.56% dne The rate of interest for week 2 is 0% (Round to two decimal places.) ages 6:2 Project w Enter your answer in the answer box and then click Check Answer ge DRF Project 8 pars remiasing Clear All Check Answer Type here to search 9