AFC Bank enters into a $5,000,000 quarterlypay, plainvanilla interest rate swap as the fixedrate payer at a swap rate of 5% based on a 360day year. The floatingrate payer agrees to make payments at 90day LIBOR plus a 0.50% spread (also known as margin). Ninetyday LIBOR currently stands at 3%. LIBOR90 rates are: 3.50% 90 days from today 4.50% 180 days from today 5.00% 270 days from today 5.50% 360 days from today Calculate the amounts that AFC pays or receives: 1. 90 days from now.