Kenworth Imaging got a $700,000 loan that came with a choice of two different repayment schedules. In Plan 1, the company would have to repay the loan in 4 years with four equal payments at an...

Kenworth Imaging got a $700,000 loan that came

with a choice of two different repayment schedules.

In Plan 1, the company would have to repay the loan in 4 years with four equal payments at an

interest rate of 10% per year. In Plan 2, the company

would repay the loan in 3 years, with each

payment twice as large as the preceding one. How

much larger in dollars was the final payment in

Plan 2 than the final payment in Plan 1?