In nine months, a bank plans to lend $70 million for three months and it is concerned about interest rates decreasing. The bank decides to hedge its interest rate risk by going short on a forward rate agreement. Based on the continuously compounded annual spot interest rates shown below, what would be the interest rate on a three-month forward rate agreement?

Month 3 Spot rate 3%

Month 6 Spot rate 3.3%

Month 9 Spot rate 3.7%

Month 12 Spot rate 4.0%