Suppose you are considering a foreign exchange swap offered by a bank. The Forward Exchange rate for USD to EUR for the next three years are 1.10, 1.05, and 1.00 (e.g. in the first year 1 USD buys 1.10 EUR). The seller of the swap would pay you 4% on a 110 EUR bond and the seller would receive 3% on 100 USD bond. Assume the US risk-free rate is 1.5% and the EUR risk-free rate is 1.8% (annualized)

Calculate the value in EUR of this swap?