Given the data in the table and the information below, please answer the following parts. Show all working and formulas used. The forward rate for a 3-year loan beginning in 2 years is 0.08%.

Please calculate the forward rate for a 2-year loan starting in 3 years.

Please calculate the 2-year spot rate.

Maturity (T)	r(1)	r(2)	r(3)	r(4)	r(5)	r(6)
Spot Rate (%)	0.050		0.307	0.280	0.120	0.070