8. Karen and Mike currently insure their cars with separate companies, paying $700 and $900 a year....

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8. Karen and Mike currently insure their cars with separate companies, paying $700 and $900 a year. If they insured both cars with the same company, they would save 10 percent on the annual premiums.

What would be the future value of the annual savings over 10 years based on an annual interest rate of 4 percent? (LO8.5)

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Focus On Personal Finance

ISBN: 9781259919657

6th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

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Question Posted: Jul 24, 2024 05:04 AM

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8. Karen and Mike currently insure their cars with separate companies, paying $700 and $900 a year....

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Focus On Personal Finance

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