Suppose that risk$-$free zero interest rates with continuous compounding are as follows:

Maturity $($Years$)$ Rate $(\%$ per annum$)$

$12$

$23$

$33\mathrm{.}7$

$44\mathrm{.}2$

$54\mathrm{.}5$

Suppose the forward LIBOR rate $($annually compounded$)$ for the third year is $5\mathrm{.}5\%.$ What is the value an FRA where you will pay $5\%($compounded annually$)$ and receive LIBOR for the third year on $$1$ million?