Given an FRA with the following terms:

Notional principal = $20 million

Reference Rate = LIBOR

Contract rate = Rk = .05 (annual)

Time period = 90 days

Day-count convention = Actual/365

Show in a table the payments and receipts for long and short positions on the FRA given possible spot LIBORs at the FRAs expiration of 4%, 4.5%, 5%, 5.5%, and 6%.