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Your company has entered a three-year swap contract with a swap dealer with a total...

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Accounting

Your company has entered a three-year swap contract with a swap dealer with a total notional amount of EUR 2,000,000. The swap used quarterly reset (30/360-day count) and exchange of notional amounts at initiation and at maturity. At the swap's initiation, your company receives the notional amount in U.S. dollars and pays the counterparty the notional amount in Euros. At the swap's expiration, your company pays the notional amount in U.S. dollars and receives from the dealer the notional amount in Euros. Based on interbank rates, we observe the following spot rates today, at Time 0.
\table[[\table[[Days to],[Maturity]],\table[[S Spot Interest],[Rates (%)]],\table[[Present Value],[($1)]],\table[[E Spot Interest],[Rates (%)]],\table[[Present Value],[(61)
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