
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
Cedric has deposited $12,000 into an account that pays 6% interest compounded annually. 

Daniel has deposited $12,000 into an account that pays 8% simple annual interest.

In 20 years, Cedric and Daniel compare their respective balances. To the nearest dollar, what is the positive difference between their balances?

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