You entered into a 5-year swap, two years ago. Under the swap, you agree to pay the swap rate of 6.5% on a notional of $100,000. Now there are3 years left (3 payments yet to be made). Current spot rates are below.Calculate the market value of the swap from your perspective.

Years Spot Rate 1 5.0% 2 5.7% 3 6.5% 4. 7.5% 5 8.0% Years Spot Rate 1 5.0% 2 5.7% 3 6.5% 4. 7.5% 5 8.0%