
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
Hilda takes a \$8,000 loan to pay for home renovations. The annual interest rate on the loan is 10%. She makes no payments for 5 years, but has to pay back all the money she owes at the end of 5 years. How much more money will she owe if the interest compounds monthly than if the interest compounds annually? Express your answer as a dollar value to the nearest cent.

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