You are a dual-income, no-kids family. You and your spouse have the following debts: Mortgage = $218,000, Auto loan = $16,000; Credit card balance = $2,210, and other debts = $6,740. Further, you estimate that your funeral will cost $8,000. Your spouse expects to continue to work after your death. Using the DINK method, what should be your need for life insurance? Total insurance need Beverly and Kyle currently insure their cars with separate companies, paying $670 and $645 a year. If they insured both cars with the same company, they would save 10 percent on the annual premiums. What would be the future value of the annual savings over 10 years based on an annual interest rate of 9 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 of annual savings You are a dual-income, no-kids family. You and your spouse have the following debts: Mortgage = $218,000, Auto loan = $16,000; Credit card balance = $2,210, and other debts = $6,740. Further, you estimate that your funeral will cost $8,000. Your spouse expects to continue to work after your death. Using the DINK method, what should be your need for life insurance? Total insurance need Beverly and Kyle currently insure their cars with separate companies, paying $670 and $645 a year. If they insured both cars with the same company, they would save 10 percent on the annual premiums. What would be the future value of the annual savings over 10 years based on an annual interest rate of 9 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 of annual savings