You took a long position in 10 F/X futures contracts on 1/13/20X1 at the price indicated below. You met all margin calls, and did not withdraw any excess margin. All F/X futures have a size of contract of 125,000 euros regardless of the delivery month. Assume that the initial margin is $4,000 per contract and the maintenance margin is $2,500 per contract.

Complete the following table and provide an explanation of any fund deposited.

How much is your total gain by the end of 1/21/2X21

Settlement F/X rate	$ 1.00	per euro
Initial Margin	$4,000
Maintenance Margine	$2,500
Contract size	125,000
TODAY	1/13/20X1
Long Position		10	contracts

Day	Beginning Balance	Funds Deposited	Settlement Price	Futures Price Change	Gain / Losses	Ending Balance
Jan 13, 20X1 (Wed)	$0.00		$1.000
Jan 14, 20X1 (Thurs)			$1.020
Jan 15, 20X1 (Fri)			$0.990
Jan 18, 20X1 (Mon)			$0.985
Jan 19, 20X1 (Tue)			$0.985
Jan 20, 20X1 (Wed)			$1.000
Jan 21, 20X1 (Thurs)			$1.010

Total Gains