You entered into a long CME futures contract on 125,000 euros at the day's opening price of $1.06 per euro. Your initial margin was 6,250 and your maintenance margin is $4,500. a. The settlement price one day after you open your position is $1.08 per euro. Calculate the balance on your margin account on this day. b. The settlement price two days after you open your position is $1.05 per euro. Calculate the balance on your margin account on this day