Karen and Mike currently insure their cars with separate companies, paying $$650$ and $$850$ a year. If they insured both cars with the same company, they would save $12$ 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 $5$ percent? Use Exhibit $1-$B$.($Round FVA factor to $3$ decimal places and final answer to $2$ decimal places.$)$

Future value