You entered in to a swap a while back where you pay 6.10% per annum on $30,000,000 and you receive the 1year LIBOR rate. At the last settlement date the 1-year LIBOR rate was 5.75% per annum. The swap expires in 4.5 years and the following LIBOR rates are below provided per annum with continuous compounding.

Years LIBOR

0.5 5.80%

1.5 6.00%

2.5 6.00%

3.5 6.00%

4.5 6.20%

What is the value of the swap from your prospective?