A bank sells a "three against six" $3,000,000 FRA for a three-month period beginning three months from today and ending six months from today. The purpose of the FRA is to cover the interest rate risk caused by the maturity mismatch from having made a three-month Eurodollar loon and having accepted a six-month Eurodollar deposit. The agreement rate with the buyer is 5.65 percent. There are actually 92 days in the three-month FRA period. Assume thot three months from today the settlement rate is 4.950 percent Determine how much the FRA is worth and who pays who-the buyer pays the seller or the seller pays the buyer. (Do not round intermediate calculations. Round your answer to 2 decimal ploces.)