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Calculate the daily margin account balance for the following position. Ignore interest earned on the...

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Accounting

Calculate the daily margin account balance for the following position. Ignore interest earned on the account for simplicity.
Long position on 8 S&P 500 futures contracts that pay $250 times the index level.
Initial margin is set at 10% of the contract value on Day 0.
Maintenance margin is 80% of the initial margin
\table[[Day Total multiplier,\table[[Futures price],[(EoD)]],Value change,\table[[Addition to],[margin]],Margin balance],[0,8250=2000,1100.00,--,],[1,2000,1027.99,,],[2,2000,1037.88,,],[3,2000,1073.23,,],[4,2000,1048.78,,],[5,2000,1090.32,,],[6,2000,1106.94,,],[7,2000,1110.98,,],[8,2000,1024.74,,],[9,2000,1007.30,,],[10,2000,1011.65,,]]
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