Question 6: You entered into a long-term fixed for floating interest rate swap contract in early 2019. You are paying the fixed rate of the swap and receiving floating. The swap rate is 2.95%. Interest rates have dropped dramatically since early 2019 and you can no longer take the losses. Describe what information you would need to calculate the present value of the contract. That is, how would you calculate the amount needed to pay off the contract? List all the necessary inputs and steps.