1. Today you went long 100 platinum futures contracts. The futures price today is 1,200. Each contract is for 50 ounces and the price is quoted in dollars/ounce. Initial margin is 5% and the maintenance margin is 75% of the initial margin. Fill out the table below and show your work for every day.

   Day	f(t)	$ Daily Gain/Loss	$ Margin Balance	$ Margin Call
   0	1,200
   1	1,250
   2	1,230
   3	1,150
   4	1,155
   Did this trader make money on his/her futures trade? (YES/NO)
   Would the final balance be higher if interest was accounted for? (YES/NO)
   Assuming a margin call takes place, would the margin call be higher if interest was accounted for? (YES/NO)