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Shaan and Anita currently insure their cars with separate companic5, paying $730 and $615 a yeac if they insure both cars with the same company,

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Shaan and Anita currently insure their cars with separate companic5, paying $730 and $615 a yeac if they insure both cars with the same company, they would save to percent on their annual prembums. What would be the tuture value of the annual savings over 8 years based on an anmaal interest rate of 7 percent? Use Exbibit 1-B (Do not round intermediate colculations. Round FVA foctor to 3 decimal places and final answer to 2 decimal places.) Exbabit 1-B Future Value (Compounded Sum) of S1 Paid In at the End of Each Penod for a Gren Nimber of Time Peniods (an Aninuty) \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Period & 15 & x & Is & 4x & 3x & 65 & n & s & x & lin & 118 \\ \hline 1 & 1.060 & 1.600 & 1.090 & 1,600 & & 1.000 & 3.600 & & 3.800 & 1.000 & 1.000 \\ \hline 2 & 2.010 & 2,020 & 2.030 & 2.060 & & z.ee & 2.0% & 2.650 & 2,090 & 2.100 & 2.119 \\ \hline 1 & 1.070 & 3.060 & 3.61 & 3.172 & 3.153 & 3.104 & 3.215 & 3.246 & 3.220 & 3.110 & 3.32 \\ \hline 4 & 4.960 & 4.127 & 4.104 & 4.246 & 4.318 & & 4.460 & 4,305 & 4.573 & 4.44 & 4.710 \\ \hline 5 & 3.101 & 3.204 & 5.305 & 5.416 & 5,326 & 5.677 & & 5.45 & 5.205 & 6.105 & 6.231 \\ \hline & 0.152 & & 6.469 & 6.633 & 6.002 & 6.975 & 7.253 & 7.076 & 3.573 & 72716 & 7.911 \\ \hline 7 & 2.214 & 7.434 & 7.662 & 7.026 & 0.142 & 8.154 & E.6sa & 2.923 & 9.200 & 9.4 ing & 3.703 \\ \hline In & 0.226 & 0.583 & & 9.214 & & 9.05 & 10.76 & 10.637 & 11.001 & 13.436 & 11.053 \\ \hline 9 & & 9.755 & 10.159 & & 11.027 & 11.491 & 11.916 & 12.48 & 11.001 & 13.573 & 14.164 \\ \hline 10 & 10.462 & 10.550 & 11.464 & 12.066 & 12.5s & 13.12 & 13.316 & 10.47 & 15.191 & 15.939 & 16.722 \\ \hline 11 & 11.567 & 12.100 & 12 ases & 13.46 & 14.29 & 14.9m & 15.784 & 16.95 & 17.460 & 18.551 & 13.561 \\ \hline 12 & 32.601 & 13.412 & 14.192 & 15.976 & 15.217 & 16.710 & 17.0ses & 10.977 & 50.141 & 21.794 & 22.711 \\ \hline 17 & 17.500 & 14.650 & is.638 & 16.67 & 20.713 & 18.92 & & 21.405 & 22.51 & 24.523 & 76.212 \\ \hline 14 & 14.947 & 15.974 & 17.06 & 11.2m & & 20.015 & 22.510 & 24.215 & 26.019 & 27.35 & 30.005 \\ \hline is & 16.097 & 17.291 & 10.5% & 20.024 & 21.50 & 23.270 & 25.125 & 27.152 & 20,961 & 11.m & 24.405 \\ \hline 36 & 17.258 & 15.650 & 30.159 & & 23.657 & 35.67 & & 0.124 & 33.003 & 35.950 & 30.190 \\ \hline 17 & 31.430 & 20,012 & 21.762 & 23.63 & 25.40 & 27.23 & 30.040 & 33.750 & 16.274 & 40,545 & 4.59 \\ \hline 18 & 19,415 & 21.417 & 23.614 & 25.645 & 25.153 & 30.906 & 33.m & 7.450 & 41.39 & 45.5m & 50.12 \\ \hline 13 & 20.011 & 22.841 & 25.117 & 2.67 & 30.55 & 32,260 & 37,30 & 41.46 & 45.013 & 51.159 & 36.915 \\ \hline 20 & 22.019 & 24.297 & 26.070 & 20.70 & & 36.74 & 40.m & 45.762 & 93.160 & 52.208 & 0.200 \\ \hline 23 & 28.243 & 32.030 & 36.457 & 41.646 & 47.727 & x,865 & & 7.106 & 4.701 & & 114.410 \\ \hline 30 & 36,255 & 40.558 & & Shous & 6.45 & 72.658 & 94,451 & 113.250 & 18.310 & 104.400 & 100.020 \\ \hline to & & e. 407 & 75.491 & 5.076 & 120,100 & 154.760 & 139.606 & 250.060 & & & 501.85 \\ \hline 9 & 64.463 & 84.57 & 112,100 & 152.670 & 200,150 & 200.100 & & 57.770 & 015.060 & 1,163,509 & \\ \hline \end{tabular}

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