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please solve fast to get like. 7. Swap contracts have annual settlement periods where payments are at the end of each period and the variable

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please solve fast to get like.

7. Swap contracts have annual settlement periods where payments are at the end of each period and the variable (floating) payment is based on the actual 1-year spot rate at the beginning of the period. You enter a 3-year $1000 level notional swap paying a fixed rate of 8% and receive the floating rate. What is your net payment (a negative number means you receive) under the swap at the end of the 2nd year if spot rates z[k] as of the beginning of the 2nd year become: Term k] | 1 year 2 year 3 year z[k] 4% 5% 6% A) -$40 C) $20 E) $40 B) -$30 D) $30 7. Swap contracts have annual settlement periods where payments are at the end of each period and the variable (floating) payment is based on the actual 1-year spot rate at the beginning of the period. You enter a 3-year $1000 level notional swap paying a fixed rate of 8% and receive the floating rate. What is your net payment (a negative number means you receive) under the swap at the end of the 2nd year if spot rates z[k] as of the beginning of the 2nd year become: Term k] | 1 year 2 year 3 year z[k] 4% 5% 6% A) -$40 C) $20 E) $40 B) -$30 D) $30

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