Femme_physics
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Ah...so basically those formulas I wrote don't apply since this is a closed loop gain, yes? Gotcha.Technician, can you write me the formulas you applied to solve it? I don't appear to have them written. Thanks a bunch, you're a world of help 
Why not? What's the practical difference/advantage of closed loop to open loop?

I'd like to emphasize the distinction between open-loop-amplification and feedback-amplification.
The output voltage is then Vout = A(V1 - V2). A can be very high, almost always greater than 105, and typically closer to 106. The actual gain from chip to chip, even in the same batch of chips can vary quite a bit. But it's so large that it usually doesn't matter since op-amps are rarely used open-loop fashion, except as comparators.
Why not? What's the practical difference/advantage of closed loop to open loop?