Question: Can you please explain to me the solution? I do not really understand it. Settlementamount=1+LIBOR(daysFRA/360)Nominal(LIBORFRArate)(daysFRA)/360 LIBOR at 7.375% on 1.6 .89 1+7,375%182/36010.000.000(7,375%7,2%)182/360=8529,21

Can you please explain to me the solution? I do not really understand it.

Settlementamount=1+LIBOR(daysFRA/360)Nominal(LIBORFRArate)(daysFRA)/360 LIBOR at 7.375% on 1.6 .89 1+7,375%182/36010.000.000(7,375%7,2%)182/360=8529,21

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