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I'm confused on the rounding part. I keep getting it wrong Problem 10-11 Calculating Future Value of Insurance Savings [LO10-6] Beverly and Kyle Nelson currently
I'm confused on the rounding part. I keep getting it wrong
Problem 10-11 Calculating Future Value of Insurance Savings [LO10-6] Beverly and Kyle Nelson currently insure their cars with separate companies, paying 5500 and $510 a year. If they insured both cars with the same company, they would save 15 percent on the annual remium What would be the future value of the annual savings Ove 10 years based on an annual Interest rate of 5 percent Use Do not found Intermediate calculations Round time value factor to 3 decimal places and final answer to 2 decimal places.) 2 decimal places requiredStep by Step Solution
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