Mr. Philip Barder currently pays $1,500 per month for car insurance. When the time arrives to renew his policy, his insurance agent informs him that he could save an additional 35% in premium costs if he had a saliva-testing device (for testing drivers' saliva for cannabis) installed in his car today. If the cost of the device is $2,500.0 with taxes, what would his net savings be for the year, assuming an annual interest rate of 4.5% after tax? (Show your calculations and assume monthly compounding)-Use timeline to illustrate your