Question: Use the same data as in the previous exercise, except that you now swap the loan into floating rate (at libor). What are the payments

Use the same data as in the previous exercise, except that you now swap the loan into floating rate (at libor). What are the payments on the loan, on the swap, and on the combination of them? Is there a gain if you could have borrowed nzd at libor + 1 percent?

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