Assume todays (day 1) settlement price on an Euro futures contract is $0.9716/. You have a long position in one contract of size 62,500. Your margin account currently has a balance of $1,700. Suppose the settlement price tomorrow (day 2) for the futures contract is $0.9702/. Have much money did you gain or lose? (in dollars) After the gain/loss, what would be the balance on your margin account? (in dollars)

Now suppose that on the following day (day 3) the futures rate is $0.9709. After daily resettlement, what would be your balance on your margin account at the end of this day?