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Consider a currency swap contract under which the holder will receive 10,000 at times $t=1,2,3,4$...

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Consider a currency swap contract under which the holder will receive 10,000 at times $t=1,2,3,4$ and pay K dollars at those same times. Assume there is a constant effective rate of R = 3% for deposits or loans of pounds, and a constant effective rate R* = 5% for deposits or loans of dollars. Also assume that dollars and pounds can be exchanged at t = 0 at the rate 1 = $1.45 What is the payment $K$ that makes the value of this contract at time t= 0 equal to zero

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