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# Lou Ralls insured a building and contents (area 2, class B) for $192,000 each. After 2 months, he canceled the policy. The next day he received a...

Lou Ralls insured a building and contents (area 2, class B) for $192,000 each. After 2 months, he canceled the policy. The next day he received a cancellation notice by the company. It stated that he was being canceled due to his previous record. How much does Lou save by this insurance cancellation versus his planned cancellation? (Use Table 20.3. and Table 20.4.)**(Do not round intermediate calculations. Round your answer to the nearest cent.)**

Lou saves $