Find the upcoming net payment in a plain vanilla interest, Financial Management

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Find the upcoming net payment in a plain vanilla interest

Find the upcoming net payment in a plain vanilla interest rate swap in which the fixed party pays 10 percent and the floating rate for the upcoming payment is 9.5 percent. The notional amount is $20 million and payments are based on the assumption of 180 days in the payment period and 360 days in a year

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Financial Management: Find the upcoming net payment in a plain vanilla interest

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