Under the terms of an interest rate swap a financial institution has agreed to pay 10% per year and receive 3-month LIBOR in return on a notional principal of $100 million, with payments being exchanged every 3 months.Both rates are with quarterly compounding.The swap has a remaining life of 14 months. The term structure of interest rates is flat at 12% per year (with continuous compounding) for all maturities. The 3-month LIBOR rate onemonth ago was 11.8%(with quarterly compounding). What is the value of the swap to the financial institution?