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A trader enters into a short position in a silver futures contract for 5,000 troy ounces with delivery in 120 days. The futures price is

A trader enters into a short position in a silver futures contract for 5,000 troy ounces with delivery in 120 days. The futures price is $26.50 and the initial margin is USD 15,000 per contract.

Compute the value of the trader's margin account after 6 days, if the futures price drops by $2 on the first day, then increases by $1.5 dollars on each of the following 5 days.

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