Prices of a futures contract for five consecutive trading-days are provided in the table below. The initial margin requirement is set at $6.00 per contract and the maintenance margin is $3.60 per contract.
| Day | Futures Price |
| 0 | $120 |
| 1 | 118 |
| 2 | 117 |
| 3 | 119 |
| 4 | 123 |
| 5 | 125 |
On day 0, a trader enters into a short position for 15 contracts. The ending balance for the margin account on day 5 is closest to:
B is correct. The calculations are provided in the table below:
