UilleWUIRO 1. Trae Young has a 25,000 loan from Bussey Bank. Under the terms of the loan, Trae will pay annually to Bussey Bank based on LIBOR plus 75 basis points and will pay the principal of 25,000 at the end of 10 years. Trae enters into a 10-year interest rate swap with a nominal amount of 25,000 and annual settlement dates. He will pay a fixed rate of 3.35% and will receive a variable rate of LIBOR plus 65 basis points. Calculate the net interest payment made by Trae at the end of the fifth year given a LIBOR rate of 3.18 during the fifth year