A Forward Rate Agreement contains an agreed interest rate of 4.5% on a 6-month loan. If settled in arrears, what amount would the borrower pay or receive on a $1,000,000 loan if the prevailing 6-month interest rate is 5.5%? $10,000 receipt. $55,000 receipt. $45,000 payment. $10,000 payment. A Forward Rate Agreement contains an agreed interest rate of 4.5% on a 6-month loan. If settled in arrears, what amount would the borrower pay or receive on a $1,000,000 loan if the prevailing 6-month interest rate is 5.5%? $10,000 receipt. $55,000 receipt. $45,000 payment. $10,000 payment