Metro Bank enters an FRA as a buyer with the following features: Expiration$/$Settles in $180$ days The notional amount is $$1$ million. Specifies a forward rate of $5\%$ The underlying interest rate is $90$ days LIBOR. If in $180$ days $($at expiration$)$ the $90-$day LIBOR is at $6\%.$

Compute the cash settlement payment at expiration for Metro Bank.

What if in $180$ days $($at expiration$)$ the $90-$day LIBOR is at $4\%.$

Compute the cash settlement payment at expiration for Metro Bank.