Question: Given a five year fixed for float interest rate swap on a $1,000,000 notional value with annual resets, Company (a.) pays a 5% annual fixed

Given a five year fixed for float interest rate swap on a $1,000,000 notional value with annual resets, Company (a.) pays a 5% annual fixed rate compounded annually and Company (b.) receives fixed. If the floating rate is observed at a 4% annual rate compounded annually, what are the cash flows?

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