Question: Hi there, can you help me with this question please? After reading several reports, an investment banker believes that the dollar will depreciate relative to

Hi there, can you help me with this question please?

After reading several reports, an investment banker believes that the dollar will depreciate relative to the euro over the next few days. The banker decides to use five euro futures contracts to trade based on his belief. Each contract has 100,000 euros attached. The initial and maintenance margin is 15000 and 10000 per contract, respectively. The futures price on the day the banker opened his position (Tuesday) was $1.625.

The futures price on Wednesday is $1.605. Find the investor's ending margin balance on Wednesday. (Assume any deficits are eliminated to keep the account open and any excess funds remain in the account)

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