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Economics Money and Banking question any help would be great on step by step to get the account balance please and thank you 32) Assume

Economics Money and Banking question any help would be great on step by step to get the account balance please and thank you

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32) Assume that on Friday August 1, you sell one Chicago Board of Trade September Treasury bond futures contract at the opening price of $97,800. The initial margin requirement is $2,500 and the maintainance margin requirement is $2,000. The settlement price of the contract at closing on that day is $97 400. Your margn account balance at the end of the day is s

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