You have decided to buy a very expensive sofa from Craft & Barrels but you dont have enough cash today. You arrange financing by agreeing to pay $750 today and signing a contract that says you will borrow the remaining $9,000 over 36 months with payments based on a 6.80% rate. The sofa has a competitive value of $9,400, while you have a competitive market rate of interest of 5.50%. Calculate the creation/destruction of value that you experienced in this transaction? (Round your answer to dollars and cents; do not round interim calculations.)