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Suppose the 1-year effective annual interest rate is 3.6% and the 2-year effective rate is 2.4%. Compute the fixed rate in a 2-year amortizing interest

Suppose the 1-year effective annual interest rate is 3.6% and the 2-year effective rate is 2.4%. Compute the fixed rate in a 2-year amortizing interest rate swap based on $330,000 of notional principal in the first year and $260,000 in the second year.

Please show calculations in detail. Thank you.

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