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 $20$ 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? Use Exhibit $1-$B$.($Round FVA factor to $3$ decimal places and final answer to $2$

decimal places.$)$

Future value