Beverly and Kyle Nelson currently insure their cars with separate companies, paying $450 and $375 a year.

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Beverly and Kyle Nelson currently insure their cars with separate companies, paying $450 and $375 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 6 percent? (Obj. 4)

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Focus On Personal Finance

ISBN: 9780073382425

3rd Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes

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