Quitter Ivar starts to invest $10,000 per year at age 25, but stops after 10 years, earning 10% in interest per year. He keeps his money invested earning 10% but does not contribute any additional funds to the account.

If the average rate of inflation is 3% per year, how much in future wealth will Quitter Ivar lose (Hint: the difference in future values)?

[Round to the nearest cent]

[Round to the nearest cent]