A 3-quarter interest rate swap (beginning at time 0) has a notional amount of 100,000. What is amount of the net settlement payment that the payer will receive at the end of the second quarter if the 1-quarter spot interest rate at the beginning of the second quarter is 0.017 (a quarterly effective rate)?

A) 100 B) 120 C) 150 D) 170 E) 190