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

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.

1. The spot price of silver is currently $30 per ounce. Storage costs on silver are $0.48 per quarter, payable quarterly in advance. The risk free rate is 10% per annum with a flat yield curve. We want a 9 month futures contract on silver. The correct future price for this contract would be

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