5. On Time Trucking entered into a five-year rate swap agreement three years ago with a level notional amount of $1,000,000. Neptune agreed to pay a fixed swap rate of 5.5% and the counterparty would pay a variable rate based on the spot rate at the beginning of the year. At the end of the third year On Time made a net payment of $2,500.00 to the counterparty. What was the spot rate at the beginning of the year