Question: You are responsible for preparing for capital improvements that will occur8years from now. Your current capital improvement account balance is$314,000. You have two possible investments

You are responsible for preparing for capital improvements that will occur 8 years from now. Your current capital improvement account balance is $314,000. You have two possible investments you can utilize until the capital improvements are due. The first investment offers 10 percent, and the second will pay 12 percent. How much additional money will you gain if you choose the second investment?

List all answers to two decimal places.

Future value at 10%:

Future value at 12%:

Difference:

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