Fill in the net payments from the perspective of a bank paying floating and receiving fixed interest payments. The swap is on a notional amount of $4,000,000, has a fixed rate of 2.4%, and 180-day payments with a 2 year expiration. The 180-day spot LIBOR on day 0 is 2.8%, on day 180 it is 2.6%, on day 360 it is 2.2% and on day 540 it is 2%.

A / Net payment on day 180: $

B /Net payment on day 360: $

C/ Net payment on day 540: $

D/ Net payment on day 720: $

(answers are A(-8000) B(-4000) C(4000) D(8000) Please show calculations)