Mathematics
Mathematics, 28.11.2021 18:00, AreYouMyNewDad

(Floating-rate loans) The Bensington Glass Company entered into a loan agreement with the firm's bank lo 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 ased on the closing value of the index for the previous week and had a maximum annual rate of 218 percent and a minimum of 1.71 percent Calculate the rate of interest for weeks 2 through 10. T Date Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8 Week 9 LIBOR 1.92% 1.65% 1.46% 1.36% 1.55% 1.62% 1.69% 1.85% 1.88% he rate of interest for week 2 is %. (Round to two decimal places.)

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