The settlement in 15 months is given by,

$\frac{(\text{Fixed rate} - \text{Forward rate}) \times \text{Term of the FRA} \times \text{Principal}}{1 + \frac{\text{forward rate}}{n}}$

$= \frac{(0.02 - 0.025) \times \frac{6}{12} \times 2,000}{1 + \frac{0.025}{2}} = -4.9383$

Thus, USD 4.94 will be paid.

Explanation: Since the fixed rate (2%) received is less than the forward rate (2.5%) that must be paid on the floating side, the holder of the FRA loses money. The negative result of -USD 4.94 indicates a payment out (not a receipt). The settlement is calculated by discounting the interest differential over the six-month FRA period using the forward rate, which reflects the present value of the difference between the contracted fixed rate and the prevailing market forward rate.