Question: You are responsible for preparing for capital improvements that will occur 7 years from now. Your current capital improvement account balance is $266,000. You have

You are responsible for preparing for capital improvements that will occur 7 years from now. Your current capital improvement account balance is $266,000. You have two possible investments you can utilize until the capital improvements are due. The first investment offers 9 percent, and the second will pay 11 percent. How much additional money will you gain if you choose the second investment?

List all answers to two decimal places.

Future value at 9%:

Future value at 11%:

Difference

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