18. (10 points) You have a 3 year agreement to borrow $2,000 at the end of year 1, $3,000 at the end of year 2, and $5000 at the end of year 3. You will pay the interest due at the end of years 1 and 2. You will pay off the interest due at the end of year 3 as well as the loan amount. The interest rate applied will be the one-year spot rate at the beginning of each year. You enter a three-year swap in order to pay a level swap rate R. If the swap rates on the Ist day of the loan as as below, find the swap rate R. Term in years Spot rate, 1 2.17% 2 2.75% 3 3.05%