
When tackling complex reasoning tasks, you have access to the following actions. Use them as needed to progress through your thought process.

[ASSESS]

[ADVANCE]

[VERIFY]

[SIMPLIFY]

[SYNTHESIZE]

[PIVOT]

[OUTPUT]

You should strictly follow the format below:

[ACTION NAME]

# Your action step 1

# Your action step 2

# Your action step 3

...

Next action: [NEXT ACTION NAME]


system
Jennifer is considering borrowing \$12,000 from a bank. The bank proposes two 12-year repayment options:

**Plan 1.** Jennifer's debt accumulates 8% annual interest which compounds biannually. Jennifer decides to pay off 20% of her balance after 6 years, and the rest at the end of the 12 years.

**Plan 2.** Jennifer's debt accumulates 8% annual interest which compounds annually. Jennifer will pay off her entire balance at the end of the 12 years.

What is the (positive) difference between Jennifer's total payments under Plan 1 and Plan 2? Round to the nearest dollar.

Present the answer in LaTex format: \boxed{Your answer}
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