1) The sum of the first series is: [1,000 x 1,001] / 2=500,500.
2) The sum of the second series can be summed up using summation such as this one:
∑(n)(1.01)^(999-n), from n=0 to n=999, which =209,481,556.38. This summation maybe done on this calculator here, but I don't know how to use it. I summed it up on my computer. There is, however, a rather complicated financial formula that will do the same thing, but is a little more involved that the above summation.
3) The difference between them is rather large=209,481,556.38 - 500,500=208,981,056.38