Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completi Beverly and Kyle currently insure their cars with separate companies, paying $620 and $640 a year. If they insured both cars with the same company, they would save 15 percent on the annual premiums. 10 points What would be the future value of the annual savings over 10 years based on an annual interest rate of 8 percent? Use Exhibit 1-8. (Do not round Intermediate calculations. Round time value factor to 3 decimal places and final answer to 2 decimal places.) Answer is complete but not entirely correct. Future value of annual savings $ 1.200.213