Shaan and Anita currently insure their cars with separate companies, paying $890 and $695 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 10 years based on an annual interest rate of 6 percent? Use Exhibit 1-8. (Do not round intermediate calculations. Round FVA factor to 3 decimal places and final answer to 2 decimal places.) Future Value Exhibit 1-B Future Value(Compounded Sum) of S1 Paid In at the End of Each Penod lor UVCHILLI TULUI 16 18 SIT JO NC 10 1.000 2.010 20 1.000 1.000 2.000 OZONE 75 1.000 2.070 3.215 4.440 5.751 1.000 2.089 3.26 4.506 5.867 OGTE 4.641 Period 1 2 3 4 5 6 7 8 9 10 50 1.000 2.050 3.153 4.310 5.526 6.802 8.142 9.549 11.022 12.578 BOC 89 61 1.000 2.040 3.122 4.246 3.416 6.633 74898 9.214 10.583 12.006 13.466 15.026 16.623 1.000 2.030 3.091 4.184 5.309 6.460 7.662 8.892 10.155 11.464 12.08 14.192 15.610 12.086 18.599 20.157 4.375 5.637 6.975 B.394 9.897 11.491 7.710 9.407 8.654 10.260 2100 13.816 15.704 1.000 2.090 3:270 4.523 5.905 7.523 9.200 11.020 13.021 15.193 17.560 20.141 22.953 26.01 16722 8.923 10.637 12.488 16.487 16.665 10.977 21.495 24.215 27.152 30.24 13:579 15.7 18.531 21.1 24.523 14.312 16.30 4.060 4.122 5.101 3.204 6.152 7.214 3.434 8.286 9.169 9.755 10.462 10.950 12.362 12.169 12.603 13.022 13.303 14.680 14.947 15.974 16.097 17.29) 17.250 18.639 18.30 20.012 19.615 20.011 22 22.010 224293 20.263 3200 34.785 405588 40.000 602202 64.463 84.579 12 13 20.024 21.825 15.912 12270 19.599 21.579 22.657 250 2012 30.93 21.015 23.226 25.623 20.213 15 16 17 10 COOTE 31.272 35.950 40.365 665SP 22.733 26.212 30.093 34.40 19.190 44.501 50.396 36.939 64.203 110010 199.020 01.30 23.614 20.101 22.550 25.129 21.083 30.140 3.990 37379 4005 63.29 94.461 197640 406250 37.450 41.446 36.976 4112 46.00 51.150 047011 2010 32.390 25265 27.623 2 6.646 56.005 026 1992.620 26.070 20 25 30 3.700 36.706 54.00 20.0 154.100 290140 51.159 572225 9.367 160.490 $42.290 73106 110 259.000 572, 270 47.575 75.40 112-10 120.000 209350 SO Period 1 2 12 1.000 2.120 3.374 135 1.000 2010 1.000 2.10 3.40 150 1.000 2.150 0910 ELLE TCENS 4 3 6.353 5.610 4.850 6.400 8.32 102.003 6.742 8.354 12.067 12:27 7 10.230 10.09 12100 CONSE 9 16.085 15.416 10.10 TESTE KEE GORP 10 11 Porter 23.045 17.549 20.655 20133 20.029 32.39 101 191 201 250 301 1.000 1.000 1.000 1.000 1.000 2.100 2200 2.250 3.572 3.600 3.01) 5.215 5.-163 5.76 6.107 7:42 9.003 42 9.930 11.2002 12756 12.142 12.523 15.023 17.583 15. 23.08 19.01 1902 20. 25,002 12.015 24.101 2.3 33:23 26.255 32.150 34.91 37.100 3980 54.200 24.322 42,219 24 97.623 50.10 54.141 39.196 127 60.965 66261 109.690 20 129 1.050 131.110 2170 96.022 105.930 101.70 1152270 12RE 371.520 123010 DIN 70 1848740 423.970 16.61 1860 30350 6200 342.600 402.040 471.90 1,050.000 600 1,1035900 3.227200 830.000 2000 7,343.900 12029.000 210.00031 515.000 45,000 WO, 26.000 165.000 160 170 11000 1.000 2. 170 3.506 5.066 51141 6.07 72014 9.202 11X414 11122 14.233 17.519 18.285 21.321 22.39 27200 1.050 36.780 39. 46 51.660 56.130 60.25 66.62 71.622 TX97 54.141 106 1.60 110. 290 135.110 130.030 292.110 30.310 647.440 IDD BLINDO 20.304 24.9 20.802 34.352 40.305 25.050 TEEN 585163 32.009 36.883 SEORE ZEDOT TORE ONE ESENCE LILISS COM OTORSEC 13 14 15 16 17 10 19 20 25 48.004 46.672 5) 61.25 30.10 39.111 1390 TUNIS 91.025 ONCLE OVOCIE 09SNEEZ 15.03 ONS IZNOS 72207 133.330 OZOMIDI 11.020 22.200 356710 434.750 or 056906 ORCHEOL 0001 GEOT 000 40 36 767.07 20.900 99.500 12.00 17200
