Shaan and Anita currently insure their cars with separate companies, paying $$910$ and $$705$ a year. If they insure both cars with the

same company, they would save $10$ percent on their annual premiums. What would be the future value of the annual savings over $8$

years based on an annual interest rate of $7$ percent? Use Exhibit $1-$B$.$

Note: Do not round intermediate calculations. Round FVA factor to $3$ decimal places and final answer to $2$ decimal places.

Future value