Calculate the Settlement Proceeds of an FRA contract entered into by two counterparties which is described by the financial variables below: Notional Amount = $ XXXXXXXXXX; FRA rate= 15% p.a.;...

Calculate the Settlement Proceeds of an FRA contract entered into by two counterparties which is described by the financial variables below:

Notional Amount = $1 000 000;

FRA rate= 15% p.a.; Benchmark Rate, L = 18% p.a;

Tenor of FRA,D= 91 days, and Day Base, B = 365 days.