ZRK Itd and ALR Itd decided to opt for fixed$\_$floating interest swap. As a consultant

You are required to show details of payment in case of the following two Year

Fixed$-$to$-$Floating Interest Rate Swap:

$$ Notional principal $$40$ million

$$ Trade Date August $30,2018$

$$ Effective date September $1,2018$

$$ Fixed Rate $9\mathrm{.}5\%$ p$.$a$.$ payable semiannually$($Actual$/360)$

$$ Floating Rate $6$ Month LIBOR

$$ Fixed and Floating Payment Dates Every March $1$ and September $1,$ starting March

$1,2019$ till September $1,2021$

$$ Floating Rate Reset Dates $2$ business days prior to the previous floating payment

date, $11$ am London time

The floating rates evolve as follows:

$30/8/2018-9\mathrm{.}80\%$

$28/2/2019-9\mathrm{.}20\%$

$30/8/2019-9\mathrm{.}50\%$

$27/2/2020-8\mathrm{.}90\%$

$30/8/2020-9\mathrm{.}70\%$

$27/2/2021-10\mathrm{.}20\%$