Shaan and Anita currently insure their cars with separate companles, paying $790 and $645 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 5 percent? Use Exhibit 1-B. (Do not round intermediate calculations. Round FVA factor to 3 decimal places and final answer to 2 decimal places.) Exhibit 1-B Future Valoe (Compounded Sum) of \$1 Paid In at the Ead of Each Period for a Given Number of Time Periods (an Annuity) \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Period & iv & 24 & 31 & & 55 & 6V & 75 & bs & 9 & 100 & 210 \\ \hline 1 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 & 1.000 & 1.600 & 1.800 & 1.060 \\ \hline 2 & 2.010 & 2.020 & 2.030 & 2.040 & 2.050 & 2.060 & 2.070 & 2.060 & 2.390 & 2.100 & 2.110 \\ \hline 3 & 3.030 & 3.660 & 3.891 & 3.122 & 3.133 & 3.184 & 3.215 & 3.246 & 3.278 & 3.310 & 3.342 \\ \hline 4 & 4.060 & 4.122 & 4.184 & 4.246 & 4.310 & 4,375 & 4.440 & 4.586 & 4.573 & 4.641 & 4.710 \\ \hline 5 & 5.101 & 5.204 & 5.309 & 5.416 & 5.526 & 3.637 & 5.751 & 5.867 & 5.985 & 6.105 & 6.228 \\ \hline 6 & 6.152 & 6.388 & 6.468 & 6.633 & 6.802 & 6.975 & 7.153 & 7.336 & 7.523 & 7.716 & 7.913 \\ \hline 7 & 7.214 & 7.434 & 7.662 & 7.898 & 8,142 & 8.394 & 8.654 & 8.923 & 9.200 & 9.487 & 9.783 \\ \hline B & 8.286 & 8.583 & 8.892 & 9.214 & 9.549 & 9.897 & 10.260 & 10.637 & 11.028 & 11.436 & 11.859 \\ \hline 9 & 9.369 & 9.755 & 10.159 & 10.583 & 11.027 & 11.491 & 11.978 & & 13.021 & 13,579 & 14.164 \\ \hline 10 & 10.462 & 10.950 & 11.464 & 12.006 & 12.578 & 13,181 & 13.816 & 14.487 & 15.193 & 15.937 & 16.722 \\ \hline 11 & 11.567 & 12,169 & 12,8eg & 13.486 & 14.207 & 14.972 & 15.784 & 16.645 & 17.360 & 18.531 & 19.561 \\ \hline 12 & 12.683 & 13,412 & 14,192 & 15.026 & 15.917 & 16.870 & 17.866 & 18.977 & 20.141 & 21.384 & 22.713 \\ \hline 13 & 13.809 & 14.68Ba & 15,618 & 26.627 & 17.713 & 18.882 & 20.141 & 21.495 & 22.953 & 24.523 & 26.212 \\ \hline 14 & 14.947 & 15.974 & 17+086 & 18.292 & 19.599 & 21.015 & 22.550 & 24.215 & 26.019 & 27.975 & 30.095 \\ \hline 15 & 16.097 & 17.293 & 18.599 & 20.024 & 21.579 & 23.276 & 23.129 & 27.152 & 27.361 & 31.772 & 34.405 \\ \hline 16 & 17.258 & 18.639 & 20.157 & 22.825 & 23.657 & 25.673 & 27.888 & 30.324 & 33.203 & 35.950 & 39.190 \\ \hline 17 & 18.430 & 20.012 & 21.762 & 23.698 & 25.840 & 218.213 & 30.840 & 33.750 & 36.974 & 40.545 & 44.561 \\ \hline 18 & 19.615 & 21.412 & 23.414 & 25.645 & 28.132 & 38.906 & 33.990 & 37.450 & 41.301 & 45.599 & 50,396 \\ \hline 19 & 20.811 & 22.841 & 25.117 & 27.671 & 30.539 & 33.760 & 37.379 & 41.446 & 46.018 & 51.159 & 36.939 \\ \hline 20 & 22.019 & 24.297 & 26.870 & 29.778 & 33.066 & 36.786 & 40.995 & 45.762 & 51.160 & 57.275 & 64.203 \\ \hline 25 & 28.243 & 32.030 & 36.459 & 41.646 & 47.727 & 54.865 & 63.249 & 73.106 & 84.701 & 93.347 & 114.410 \\ \hline 30 & 34.785 & 40,588 & 47.575 & 56.085 & 66.439 & 79.058 & 94,461 & 113.280 & 136.310 & 164,490 & 199.020 \\ \hline 40 & 48.886 & 60.402 & 75.401 & 95.026 & 120.800 & 154,760 & 199.646 & 259.060 & 337.890 & 442.590 & 581.090 \\ \hline 50 & 64.463 & 84,579 & 112.800 & 152.670 & 209.350 & 290,340 & 400.530 & 573.776 & 815.060 & 1,263.900 & 1,669.800 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Period & 126 & 135 & & 150 & 160 & 175 & 18v & 19x & 201 & 250 & 300 \\ \hline 1 & 1.000 & 1.800 & 1.000 & 1.000 & 1,000 & 1.000 & 1.000 & 1.000 & 1.600 & 1.000 & 1.000 \\ \hline 2 & 2.120 & 2.130 & 2.140 & 2.150 & 2.160 & 2.170 & 2.180 & 2.190 & 2.200 & 2.250 & 2,300x \\ \hline 3 & 3.374 & 3.407 & 3.440 & 3.473 & 3.506 & 3.539 & 3.572 & 3.606 & 3.640 & 3.613 & 1.9906.900 \\ \hline 4 & 43.779 & 4.850 & 4.921 & 4.923 & 5.066 & 5.141 & 5.215 & 5.291 & 3.568 & 3.76 & \\ \hline 5 & 6.353 & 6,408 & 6.610 & 6.742 & 6.877 & 7.014 & 7,154 & 2.297 & 7.462 & 0.202 & 99.063 \\ \hline63 & 0.215 & 0.3230.423 & 8.536 & 8.754 & 8.977 & 9.207 & 9.442 & 9.683 & 9.930 & 11.259 & 12.736 \\ \hline 7 & 10.069 & 10.405 & 10.730 & 11.067 & 11.414 & 11.m2 & 12.142 & 12,322 & 12.916 & 15.073 & \begin{tabular}{l} 17.583 \\ 29.8519 \end{tabular} \\ \hline 8 & 12.30010.005 & 12.757 & 13.231 & 23.727 & 14.240 & 14.773 & 15.327 & 15.002 & 16.450 & 19.142 & 22.01523.851 \\ \hline 9 & 14,776 & 15,416 & 16.065 & 16.706 & 17.519 & & 19.006 & 19.023 & 20.709 & 33.23325.002 & 42.61022.015 \\ \hline 10 & 17.549 & 10,420 & 19.337 & 20.304 & 21,321 & 27.395 & 23,521 & 24,701 & 25,959 & 42.56633.253 & 56.60542.619 \\ \hline 11 & 20.655 & 21.014 & 23.045 & 24,349 & 25.733 & 27.200 & 20,755 & 30.404 & 19.58132.158 & 34.26642,360 & 14.32136.403 \\ \hline 12 & 24.133 & 25.650 & 27.271 & 29,002 & 30.850 & 32,024 & & 45.24437.160 & & 68.760 & \begin{tabular}{r} 14.321 \\ -9.025 \end{tabular} \\ \hline 13 & 213.029 & 29.985 & 32,802 & 34,352 & 30.786 & 30,404 & 50.01142.719 & 54.91145.240 & 39.106 & 66.949 & 127.510 \\ \hline1413 & 32.393 & 34.003 & 57.581 & 40.505 & 41.672 & 47.103 & 60.96550.611 & 6.201 & 72.015 & 109.690 & 169.200 \\ \hline 15 & 37.260 & 40,417 & 43.842 & 47,500 & 51.660 & \begin{tabular}{r} 56.110 \\ 66.649 \end{tabular} & 72.919 & 70.650 & 07,442 & 19.118 & 218.470 \\ \hline1613 & 42.753 & 46.672 & 50.980 & 35.717 & 60,925 & 70.0706.649 & & 96.022 & 105.930 & 173.640 & \\ \hline 17 & 48.884 & 53.739 & 59.118 & 65.0733.075 & 71.873 & 9.46670.070 & 103.740 & 115.270 & 128.120 & 210,050 & 371.520 \\ \hline 10 & 55.750 & 61.725 & 68.394 & 75,036 & 84.141 & \begin{tabular}{r} 93.466 \\ 110.290 \end{tabular} & 123.410 & 138,170 & 154.740 & 273.564 & 483.970 \\ \hline1910 & 63,440 & 7a.749 & 78.969 & 68.212 & 98,603 & 120.296110.290 & & & & andesh & \\ \hline \end{tabular}