一道课后练习——note book 5 page 145

consider a $2 million FRA with a contract rate of 5% on 60-day LIBOR. If 60-day LIBOR is 6% at settlement the long will:

(0.06-0.05)*(60/360)*$2million *1/(1+0.06/6)=3300.33

胡老师，前面一半的计算我明白，可以为什么后面要乘上1/(1+0.06/6)，这个代表什么呢？谢谢老师帮助