On January 1 of Year 1, the company entered into a 2-year $100,000 variable interest rate loan. In the first year of the loan, the interest rate is 10%. In its second year, the interest rate is equal to the prime lending rate on January 1 of Year 2. The company does not want to bear the risk associated with the uncertain interest rate in the second year. Accordingly, on January 1 of Year 1, the company enters into a pay-fixed, receive-variable interest rate swap with a speculator. This swap obligates the company to pay the speculator a fixed amount of $10,000 ($100,000 × 0.10) on December 31 of Year 2. In return, the company will receive from the speculator on December 31 of Year 2 a variable amount equal to $100,000 multiplied by the prime lending rate on January 1 of Year 2. This amount received from the speculator is exactly enough to pay the interest due on the variable-rate loan in Year 2. Typically, interest rate swaps such as this are settled with a single net cash payment rather than the actual payment of $10,000 and receipt of the variable amount. What net amount will the company pay or receive on December 31 of Year 2 if the prime lending rate on January 1 of Year 2 is (1) 7%, (2) 15%, and (3) 10%?