(1 point) (Exam FM Sample Problem 199) Miaoqi and Nui entered into a six year interest rate swap on May 5, 2015. The notional amount of the swap was a level 10000 for all six years. The swap has annual settlement periods with the first period starting on May 5, 2015. Under the swap, Miaoqi agreed to pay a variable rate based on the one year spot rate at the beginning of each settlement period. Nui will pay Miaoqi the fixed rate of 4.8% on each settlement date. On May 5, 2018, the spot interest rate curve was as follows: Miaoqi decides that she wants to sell the swap on May 5, 2018. Calculate the market value of the swap on May 5, 2018, from Miaoqi s position in the swap. ANSWER =