Question: dont use excel i need handwritten using formula Fo = Soe^((r - rf)(T) place dollar signs on answers when appropriate and round to two decimal

dont use excel i need handwritten using formula Fo = Soe^((r - rf)(T) place dollar signs on answers when appropriate and round to two decimal places.

8. You buy a one year futures contract on a commodity today for $48. The risk free rate is 8% per annum. Six months later, the same contract is priced at $50. If the risk free rate is still 8%, what is the value of the futures contract? The correct futures contract value is

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