8.2 Suppose that oil forward prices for 1 year, 2 years, and 3 years are $20, $21, and $22. The 1-year effective annual interest rate is 6.0%, the 2-year interest rate is 6.5%, and the 3-year interest rate is 7.0%.

a. What is the 3-year swap price?

I do sort of have an idea however please provide an explanation as to how to isolate the cashflows in the numerator

3.2 Suppose that oil forward prices for 1 year, 2 years, and 3 years are $20,$21, and $22. The 1-year effective annual interest rate is 6.0%, the 2 -year interest rate is 6.5%, and the 3 -year interest rate is 7.0%. a. What is the 3-year swap price? We then obtain the swap price per barrel by solving: 1.06x+(1.065)2x+(1.07)3xx=55.341=20.9519 3.2 Suppose that oil forward prices for 1 year, 2 years, and 3 years are $20,$21, and $22. The 1-year effective annual interest rate is 6.0%, the 2 -year interest rate is 6.5%, and the 3 -year interest rate is 7.0%. a. What is the 3-year swap price? We then obtain the swap price per barrel by solving: 1.06x+(1.065)2x+(1.07)3xx=55.341=20.9519