So today we're agreeing to this interest rate.

今天我们就在协定这个利率
So what is the interest rate we'd agree to today, so we've locked in the rate?

我们今天协定的利率是多少
When it comes to time t, one guy's going to hand over the dollar,

当T的时候一个人支付这1美元
and when it comes to time t plus 1,

到了T+1的时候
the other guy is going to give back this many dollars.

另一个人会来补足这1美元
So what is the rate we would lock in today?

我们今天确定的利率是多少
It's called the period t interest rate forward,

这称为T时期的远期利率
because we're locking it in today for a forward period of time,

因为我们为以后一段时间确定了这个利率
but it's really just the normal time t interest rate for one year,

但这只是T时期普通的1年期利率
but we're locking it in today.

但是是我们在今天协定的
So what would we lock in today? How do we compute that?

所以我们今天会定多少如何计算呢
We already know what that number is. What is it? Yes?

我们已经知道这个是多少了请讲