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Shaan and Anita currently insure their cars with separate companies, paying $870 and $685 a year. If they insure both cars with the same company,
Shaan and Anita currently insure their cars with separate companies, paying $870 and $685 a year. If they insure both cars with the same company, they would save 10 percent on ther annual premiums. What would be the future value of the annual savings over 9 years based on an annual interest rate of 5 percent? Use Exhibit 1-B. (Do not round intermediate calculations. Round time value factor to 3 decimal places and final answer to 2 decimal places.) Future value
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