Miaoqi and Nui entered into a six year interest rate swap on May 5, 2015. The notional amount of the swap was a level 20000 for all six years. The swap has annual settlement periods with the first period starting on May 5, 2015. Under the swap, Miaoqi agreed to pay a variable rate based on the one year spot rate at the beginning of each settlement period. Nui will pay Miaoqi the fixed rate of 6.2% on each settlement date. On May 5, 2017, the spot interest rate curve was as follows:

Time	1	2	3	4	5	6
Spot Rate	5.5%	5.75%	6%	6.25%	6.75%	7%

Miaoqi decides that she wants to sell the swap on May 5, 2017. Calculate the market value of the swap on May 5, 2017, from Miaoqis position in the swap.