urgent

1. Kate Austin currently pays $400 per month for car insurance. When the time arrives to renew ner policy, her insurance agent informs her that she could save an additional 20 percent in premium costs if she had a car alarm installed in her car. If the cost of the device is $214.60 with taxes, what would her net savings be for the year, assuming a monthly interest rate of 1\%? (Use your financial calculator)