Last year, An investor entered into a 3-year interest rate swap with a notional amount of $500,000 in the first year, $400,000 in the second year, and $300,000 in the third year, and annual net payments. The investor agreed to pay a fixed interest rate R in exchange for receiving a variable interest rate. The term structure of interest rates last year is shown in the table below.

Years	1	2	3
Spot Rate	2.50%	3.00%	4.19%

The current spot rates are shown in the table below.

Years	1	2	3
Spot Rate	2.25%	3.25%	4.25%

Find the actual net payment to be made by the investor two years after entering into the interest rate swap.

(a) 3200 (b) 4200 (c) 5200 (d) 6200 (e) 7200