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Yesterday, you entered into a futures contract to buy SFr 120,000 at $1.5500 per SFr. The initial margin for this contract is $2,700. The maintenance

Yesterday, you entered into a futures contract to buy SFr 120,000 at $1.5500 per SFr. The initial margin for this contract is $2,700. The maintenance margin requirement is $2,000. Suppose the futures price closes today at $1.5810. What is your margin account balance after today's closing?

Answer is 6420.00, but I am unsure of how to solve. Thanks!

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