Question: Looking for some help here to check what i did...if you are strong on swaps...could you please check my work and tell me if you
Looking for some help here to check what i did...if you are strong on swaps...could you please check my work and tell me if you would change anything?
Yellow are my answers...blue are inputs.

Consider a $30mm notional principa interest rate swap with a fixed rate of 7%, paid quarterly on the basis of 90 days in the quarter and 360 days in the year. first floating payment is set at 7.2%. Calculate the first net payment and identify which party, the party paying fixed The or the party paying floating pays. Notional Amt 30,000,000 $540,000 Floating payment: $525,000 7.00% Fixed payment: Fixed rate $15,000 Floating rate 7.20% Net payment: Floating Payer 90 Net payer: Time to payment
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