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Peter and Mary want to buy identical GT2 911s in 6 years, to establish bragging...

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Finance

Peter and Mary want to buy identical GT2 911s in 6 years, to establish bragging rights at the Nordschleife. Paul will buy a Huracan, but wisely isn'tgoing to bother showing up. The GT2 costs $491,000 today which is expected to increase at an annualrate of 3.3% per year. Both will invest a single amount today in accounts that pay 6.4% APR, but Peter's account compounds monthly,and Mary's semiannually. How much more must Mary invest compared to Peter? Round your final answer to the nearest whole dollar and leave out the "$" sign.

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